17
May
Central American economies enjoyed a particularly prosperous 2021. Propelled by soaring remittances and rising commodity prices, the region’s economies fared, on average, better than neighboring South America. Inflation in the region was also substantially lower than in most parts of the Southern Hemisphere, hovering between 3% and 5% in most of the region’s economies in 2021. Those figures allowed central banks to maintain a supportive monetary policy throughout the year, leading capital markets to solid profitability. Currently, base interest rates range between 2% and 3% in the region. In this thriving scenario, our Best Bank in Central America, BAC Credomatic,…
