The Central Bank of Honduras left its monetary policy rate unchanged at 5.75 percent at its 21 June 2019 meeting. Policymakers noted that the annual inflation rate rose to 5.14 percent in April from 4.86 percent in April on higher electricity prices, to stand now above the upper limit of the target range (4 percent +/- 1 percent).The Committee added that inflation expectations remain within the target rate range. It underscored that inflation is expected to return to target by the last quarter of 2019. Interest Rate in Honduras averaged 6.11 percent from 2005 until 2019, reaching an all time high of 9 percent in July of 2008 and a record low of 3.50 percent in June of 2009.
Interest Rate in Honduras is expected to be 5.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Honduras to stand at 5.50 in 12 months time. In the long-term, the Honduras Interest Rate is projected to trend around 5.75 percent in 2020, according to our econometric models.