Nicaragua lowers policy rate as long recession continues
Recession and political turmoil have beset the country since before the Covid-19 pandemic
The Central Bank of Nicaragua has cut its policy rate for the sixth time in a year, as the country’ economic contraction continues.
The CBN’s governing council cut the rate by by 25 basis points, to 3.5%, it announced on March 8. The move marks the sixth in a series of rate cuts since May 2020, when the central bank cut the rate from 6% to 5.5%.
The central bank’s governing council makes monetary policy decisions for the central bank. The council is made up of the governor, the minister of
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