Belize: base interest rate 2010-2017

Belize is one of the Latin American countries with the highest monetary policy rates. Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates. In 2010, the Central Bank of Belize set the base interest rate at 18 percent, which dropped to 11 percent the following year and has remained at that level until 2017.