Ecuador has increased its interest rates by 0.35 percentage points, from 7.37% to an annual rate of 7.72%.
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 May1th 2017, when the Central Bank increasedinterest rates by 0.35 percentage points to 7.37%.