BCN Maintains Monetary Reference Rate at 5.75%
The Central Bank of Nicaragua (BCN) reports that it has decided to maintain the Monetary Reference Rate (TRM) at 5.75 percent. The TRM is the interest rate used by the BCN.
TL;DR
- The Banco Central de Nicaragua (BCN) will maintain the Monetary Reference Rate (TRM) at 5.75 percent.
- Rates for Monetary Repos and Monetary Deposits will also remain unchanged at 7.00 percent and 4.50 percent, respectively.
- The TRM decision is based on international interest rate evolution and domestic monetary conditions to promote currency stability.
- International uncertainties, including geopolitical and commercial situations, are affecting global economic prospects.
- Domestic economic activity continues to grow, supported by exports, private sector credit, and external flows.
- Domestic inflation is expected to remain low and stable due to balanced monetary and fiscal policies and government subsidies.
- Monetary policy has ensured national currency stability, exchange rate backing, and strengthened international reserves.