BCN maintains monetary reference rate at 5.75%
The Central Bank of Nicaragua (BCN) announces its decision to maintain the Monetary Reference Rate (TRM) at 5.75 percent.
TL;DR
- The Monetary Reference Rate (TRM) remains at 5.75%.
- Rates for overnight monetary repos and deposits are set at 7.00% and 4.50% respectively.
- International factors include geopolitical uncertainty affecting global prices and supply chains, with a global economic slowdown anticipated.
- Domestic economic activity is growing, supported by exports, private credit, and external flows.
- Low unemployment and formal job growth continue in the domestic market.
- Domestic inflation is expected to remain low and stable due to balanced monetary and fiscal policies.
- The BCN's monetary policy aims to ensure national currency stability and support the exchange rate.
- The BCN will continue to monitor economic indicators for future TRM adjustments.