In this context, if inflationary pressures arise or inflationary expectations continue above the target, specific actions will be taken by the Monetary Board in the near future to achieve the 2012 and the midterm inflation targets. In the meantime, the central bank is monitoring the performance and prospects of key external and internal economic variables that may impact headline inflation and inflationary expectations.
In addition, coordination with fiscal policy continues to be strengthening as well as the transmission mechanism of monetary policy. Guatemala is known by international organisations and credit rating agencies for its good record of prudent fiscal and monetary management as well as for its low levels of public debt and tax burden.