The Central Bank of Honduras left its benchmark interest rate unchanged at 4.50 percent at its May meeting. Policymakers noted that domestic activity is weaker than expected as the coronavirus pandemic hit the economy and it is projected to contract around 2.9% and 3.9% in the second quarter of the year. The Committee said that the inflation rate is expected to slow mainly due to a fall in cost of fuel. The annual inflation rate dropped to 3.33% in April from 4.08% in March, standing below the mid-point of the target range (4% +/- 1%), mostly due to transport and housing & utilities. Policymakers reaffirmed its commitment to monitor periodically main economic variables and will adopt measures to maintain low and stable inflation if necessary.

Interest Rate in Honduras averaged 6.07 percent from 2005 until 2020, reaching an all time high of 9 percent in July of 2008 and a record low of 3.50 percent in June of 2009. This page provides - Honduras Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Honduras Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Central Bank of Honduras

Interest Rate in Honduras is expected to be 4.50 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 4.50 in 12 months time. In the long-term, the Honduras Interest Rate is projected to trend around 4.75 percent in 2021 and 5.25 percent in 2022, according to our econometric models.

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Honduras Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.50 9.00 3.50 2005 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-12-19 09:00 PM 5.50% 5.75% 5.75%
2020-02-06 07:00 PM 5.25% 5.5% 5.5%
2020-03-24 10:00 PM 4.50% 5.25% 5%
2020-05-11 10:30 PM 4.50% 4.50% 4.5%
2020-06-15 09:00 PM 4.50% 4.5%
2020-08-03 09:00 PM 4.5%
2020-09-21 09:00 PM 4.5%
2020-11-09 09:00 PM 4.5%


News Stream
Honduras Holds Interest Rate at 4.50%
The Central Bank of Honduras left its benchmark interest rate unchanged at 4.50 percent at its May meeting. Policymakers noted that domestic activity is weaker than expected as the coronavirus pandemic hit the economy and it is projected to contract around 2.9% and 3.9% in the second quarter of the year. The Committee said that the inflation rate is expected to slow mainly due to a fall in cost of fuel. The annual inflation rate dropped to 3.33% in April from 4.08% in March, standing below the mid-point of the target range (4% +/- 1%), mostly due to transport and housing & utilities. Policymakers reaffirmed its commitment to monitor periodically main economic variables and will adopt measures to maintain low and stable inflation if necessary.
2020-05-11
Honduras Cuts Interest Rate to 4.5%
The Central Bank of Honduras trimmed its benchmark interest rate by 75 bps to 4.50 percent at its March meeting, following a 25-bps cut in the previous reunion. On the domestic front, the central bank underscored that domestic activity is weaker than expected, dragged by trade and the recent coronavirus outbreak. Policymakers noted that the annual inflation rate was 4.08 percent for 2019 and stood slightly above the mid-point of the target range (4 percent +/- 1 percent), while highlighting that core inflation and expectations both dropped since the last meeting. The Committee reaffirmed its commitment to monitor periodically main economic variables to adopt measures to maintain low and stable inflation.
2020-03-24
Honduras Cuts Interest Rate to 5.25%
The Central Bank of Honduras trimmed its benchmark interest rate by 25 bps to 5.25 percent at its February meeting, following a 25-bps cut in the previous reunion. The bank also lowered reserve requirements to free liquidity and relax credit conditions. Policymakers noted that the annual inflation rate climbed to 4.08 percent in December from 3.84 percent in November to stand slightly above the mid-point of the target range (4 percent +/- 1 percent), while highlighting that core inflation and expectations both dropped since the last meeting. The Committee reaffirmed its commitment to monitor periodically main economic variables to adopt measure to maintain low and stable inflation.
2020-02-06
Honduras Cuts Interest Rate to 5.50%
The Central Bank of Honduras cut its monetary policy rate by 25 bps to 5.50 percent at its December meeting. Policymakers noted that the annual inflation rate declined to 3.84 percent in October from 4.08 in September to stand below the mid-point of the target range (4 percent +/- 1 percent). The Committee underscored that global growth prospects continued to deteriorate and that domestic economic growth decelerated in the last few months, adding that demand-side inflationary pressure remains subdued.
2019-12-19

Honduras Interest Rate
In Honduras, the interest rate decisions are taken by the Central Bank of Honduras. The official interest rate is the monetary policy rate.