economy
May 8, 2026
BCN Maintains Monetary Reference Rate at 5.75 Percent
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) in Nicaragua remains at 5.75 percent.
- Monetary Window Rates for Repos and Deposits (1-day term) are set at 7.00 percent and 4.50 percent, respectively.
- International factors include geopolitical uncertainty, global growth with deceleration risks, and restrictive monetary policies in advanced economies.
- Domestic factors show economic activity growth, driven by internal and external demand, private sector credit, and external flows.
- Low unemployment and moderated formal employment growth are observed domestically.
- Domestic inflation is projected to be low and stable, contingent on global geopolitical events not causing international inflation surges.
- Government subsidies and the BCN's exchange rate policy contribute to price stability.
- Monetary policy has ensured national currency stability, exchange rate backing, and strengthened international reserves.
- Internal monetary conditions support financial intermediation.
- Balanced macroeconomic conditions, including economic growth, low unemployment, and low inflation, support the TRM decision.
- The BCN will continue monitoring economic indicators for future adjustments to the TRM.