Monday , March 8 2021

The BCR kept the reference interest rate at 2.75%

Directory The central bank reserves (BCR) agreed to maintain reference interest rate in 2.75%.

Monetary authority explained that this measure was adopted since October's annual inflation rate and inflation indicator indicators within the target range.

"The 12-month inflation expectation remained at 2.4 percent in October," he said.

The central bank reserves He showed that some indicators of economic activity show temporary signs of less dynamism in the third quarter, and economic activity is still below its potential.

He further confirmed that there is a greater risk of global economic activity and greater financial volatility, associated with new trade tensions and uncertainties in international financial markets.

BCR is projected to rate from inflation the year-on-year will remain in the target range of about 2%.

The Committee considered it appropriate to maintain the expansionary monetary policy position as long as inflation expectations remain anchored in an environment where the level of economic activity is below its potential.

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