off-the-wire

UPDATE 1-Honduras' cenbank sees inflation easing in 2023, 2024

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds GDP forecast, cenbank comments) TEGUCIGALPA, April 11 (Reuters) - Honduras' central bank on Tuesday forecast the country's inflation will land between 6.0% and 7.0% at the end of this year, down from 9.8% at the end of last year. The Central American country's central bank also predicted inflation of 4.0% to 5.0% by the end of 2024, edging closer to its target of 4.0%, plus or minus one percentage point.


Gross Domestic Product (GDP), meanwhile, should land between 3.5% and 4.0% both for both 2023 and 2024, compared to the 4.0% growth recorded for 2022, the bank predicted in its 2023-2024 monetary plan.


Strong private consumption, remittances and credit growth should sustain economic stability, it said, as well as better targeted public investment directed mainly toward energy and infrastructure projects.
(Reporting by Gustavo Palencia; Writing by Valentine Hilaire; Editing by Sarah Morland)

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