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.