Bolivia has increased its interest rates by 0.16 percentage points, from 2.13% to an annual rate of 2.29%.
The key rates a tool used by Central Banks to implement monetary policy.
An increase in interest rates is used to slow down inflation and protect the currency. .
This change is the first to have taken place since on May11th 2017, when the Central Bank increasedinterest rates by 0.16 percentage points to 2.13%.