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Honduras cuts interest rate for first time in three years

Monday, February 9, 2015

The central bank of Honduras will lower its benchmark interest rate today to 6.75 percent, the first cut in nearly three years, in a move aimed at accelerating economic growth, the bank's president said on Saturday.

The 25 basis point rate cut will be the first since May 2012, and comes at a time when monthly inflation fell for the first time since late 2008.

Source: Reuters