The Central Bank of Nicaragua reduced its Monetary Reference Rate by 25 basis points from 6.00% to 5.75%. The rate is used as the benchmark to signal the local-currency cost of one-day liquidity-providing monetary operations. The bank also lowered the rates on its one-day Monetary Repo and Monetary Deposit facilities for local-currency operations without maintenance of value to 7.00% and 4.50%, respectively. It framed the setting of the Monetary Reference Rate as aligned with developments in international interest rates and domestic monetary conditions, and cited a global backdrop of continued growth alongside deceleration risks and declining inflation.