The Banco Central de Honduras (BCH) maintained interest rates at 5.50 percent. In a press release dated November 3, the BCH explained the international and domestic factors that influenced the decision to maintain interest rates.
International factors included modest global economic growth projections of 3.6 percent in 2017 and 3.7 percent in 2018, relatively low oil prices, and the United States Federal Reserve policies.
On the domestic side, the BCH points to strong economic growth data from August and inflation rates firmly within its target band of 3 to 5 percent.
Taking these and other factors into account, the statement concludes: “The BCH maintains its commitment to assess the economic situation, to take the policy measures that are necessary in order to maintain low and stable inflation, thus contributing to the country’s macroeconomic stability.”