Nicaragua policy interest rate
Banco Central de Nicaragua Tasa de Referencia Monetaria — the reference rate the BCN uses to signal the córdoba cost of its 1-day liquidity operations. Created in August 2019 by Consejo Directivo resolution CD-BCN-XLII-1-19; it anchors the BCN interest-rate corridor whose ceiling is the Ventanilla de Reportos Monetarios (VRM) rate and whose floor is the Ventanilla de Depósitos Monetarios (VDM) rate. Announced by comunicado at a roughly monthly cadence.
| Current value | 5.75 percent |
|---|---|
| In force from | 2026-01-08 |
| Official source | BCN comunicado of 8 Jan 2026 — 'BCN reduce la Tasa de Referencia Monetaria en 25 puntos base, de 6.00 a 5.75 por ciento'; held at 5.75% at every subsequent decision, most recently the comunicados of 9 Apr 2026 and early Jul 2026. Republished verbatim by Nicaraguan state bodies because bcn.gob.ni is bot-walled (see notes): Comisión Nacional de Zonas Francas (cnzf.gob.ni) for the January cut and La Gaceta Diario Oficial's news service (lagaceta.gob.ni) for the April and July holds |
| Last verified | 2026-07-23 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
VERIFIED LEVEL AND DIRECTION: 5.75%, reached by a 25bp CUT (not a rise) announced 8 Jan 2026, down from 6.00%. The launching brief's lead was correct on the instrument but gave no level — confirmed independently here. Corridor rates unchanged alongside it: VRM (ceiling, 1-day córdoba operations sin mantenimiento de valor) 7.00%, VDM (floor) 4.50%. The BCN has held 5.75% at every decision since: confirmed at the 9 Apr 2026 comunicado and again in the comunicado published 2-3 Jul 2026 (the latest at confirmation date). Rate path: 6.25% → 6.00% (cut announced 2 Oct 2025) → 5.75% (8 Jan 2026). EFFECTIVE-DATE CAVEAT: BCN comunicados announce the decision without an explicit 'a partir del' date; effective_from is set to the announcement date. ACCESS PROBLEM — DO NOT POINT THE SOURCE-WATCHER AT bcn.gob.ni: the whole site sits behind Radware Bot Manager. Every /divulgacion-prensa/ URL 302-redirects to validate.perfdrive.com for scripted clients (curl with a browser UA also gets the 302), so the individual comunicado pages are unfetchable. Only the static landing page https://www.bcn.gob.ni/tasa-de-referencia-monetaria intermittently renders, and it carries no numeric value — it links onward to pochote.bcn.gob.ni, whose hostname does not resolve from outside Nicaragua. Watchable substitutes that DID fetch: lagaceta.gob.ni (state official-gazette news service, reprints the BCN comunicado in full) and cnzf.gob.ni.
Earlier values
| From | Value | Source |
|---|---|---|
| 2025-07-01 | 6.25 | BCN comunicados 'BCN mantiene la Tasa de Referencia Monetari |
| 2025-10-02 | 6 | BCN comunicado of 2 Oct 2025 — 'BCN reduce la Tasa de Refere |
Get it programmatically
curl https://latamref.dev/v1/ni/policy-rate
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://latamref.dev/v1/ni/policy-rate/history?from=2020-01-01
# Provenance: curl https://latamref.dev/provenance/ni/policy-rateOther Nicaragua series: VAT rate · minimum wage · public holidays · inflation rate (CPI) · corporate tax rate · income tax rates