Honduras adjusts interest rate to 6 %
The president of the Central Bank of Honduras, Roberto Lagos, justified the decision as a preventative measure against inflationary pressures
The Central Bank of Honduras (BCH) adjusted interest rates, which rose from 5.75 % to 6 %. The bank’s president, Roberto Lagos, indicated that this is a preventative measure against inflationary pressures.
The adjustment comes in response to accumulated inflation of 6.2 % in August, “while the institution maintains a target of 4 %, with a tolerance margin of one percentage point above or below.”
According to the Central Bank of Honduras (BCH), part of the recent price behavior is a result of factors such as the cost of food and energy, along with “external elements affecting the Honduran economy.”
Regarding financing, the Honduran Association of Banking Institutions clarified that each bank in the country sets its rates taking into account variables such as its financing costs, available liquidity, and market conditions.
Despite criticism of the measure from economists who foresee an impact of the rate increase on sectors such as education, the BCH defends the increase as necessary to control inflationary pressures in the country.
M.Pino
Source: infobae
(Reference image source: Kleomenis Spyroglou on Unsplash)
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