Central Bank cuts benchmark interest rate again

The Central Bank has announced it is lowering the benchmark interest rate from 5 to 4.25%. This is the fourth time the Central Bank has lowered the overnight rate. Governor Hector Valdez Albizu says policymakers do not foresee any inflationary pressures in the next few months. Annual inflation was 4.9%, within the Central Bank’s target range of 5% plus or minus one percentage point.

[June 2013]