*Honduras’ central bank (BCH) has released new figures showing that monthly inflation in January came to 0.23%, bringing the year-on-year rate to 5.00%, which the bank noted is within the BCH reference range of 3.00-5.00% for the first time since November 2021. Honduras closed 2023 at 5.19% inflation. A September 2023 report by the International Monetary Fund (IMF) noted that inflation in Honduras is projected to return to the BCH reference range by early 2024 “and to remain within that range thereafter, driven by a normalization of commodity prices and the strengthening of monetary and foreign exchange policies”. The BCH estimates that the government fiscal policy actions reduced inflation by 1.53 percentage points regarding the January annual figure.
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