In a televised interview, Central Bank of Nicaragua President Ovidio Reyes reviewed 2025 economic performance and the outlook for year-end, reiterating the bank’s targets of 3–4% economic growth, 2–3% inflation and unemployment around 3%. The interview also confirmed that the crawling adjustment of the Córdoba against the US dollar will remain at 0% in 2026. He pointed to 3.9% cumulative growth in overall economic activity in the first half of 2025, with stronger expansions in construction (10.0%), commerce (8.3%), hotels and restaurants (7.0%) and financial intermediation (4.9%). Exports were described as rebounding in 2025, with an expectation of around USD 8 billion by end-2025. Reyes linked the stable exchange rate over the past two years to “balanced” monetary policy and higher demand for córdobas, alongside rising international reserves reported at USD 7.8 billion, and he cited prudent fiscal policy as supportive of stable inflation. Looking ahead, he indicated working estimates for 2026 of growth around 4% and inflation in a 2.0–2.5% range depending on global conditions, and noted that credit and deposits in the national financial system were growing at 12% with lower delinquency and risk indicators and improving banking profitability.
Central Bank of Nicaragua 2025-10-21
Central Bank of Nicaragua keeps 2026 exchange-rate crawl at 0% and reiterates 2025 macro targets
Central Bank of Nicaragua President Ovidio Reyes reviewed 2025 economic performance, maintaining targets of 3–4% growth, 2–3% inflation, and 3% unemployment. He confirmed the Córdoba's exchange rate will remain unchanged against the USD in 2026, citing balanced monetary policy and prudent fiscal measures. Reyes projected 2026 growth at 4% and inflation between 2.0–2.5%, with credit and deposits growing at 12% and improved banking profitability.