The Central Bank has decided to maintain its annual interest rate at 5.5%. The decision was taken at a recent meeting of the Monetary Board, which said that the decision was based on a detailed analysis of the balance of risks of inflation forecasts, including information provided by the international and domestic macroeconomic indicators, market expectations and medium-term projections.
Economic activity continues to grow as expected. The Gross Domestic Product (GDP) expanded by 7% during 2018, mainly due to domestic consumption and investment. Inflation closed at 1.17% last year.
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2 April 2019