Peru holds rates

Peru holds rates

Peru Economy & Policy Corporate & Sovereign Strategy

Peru’s central bank has left the benchmark interest rate on hold at 3.75%, but signalled that further easing was on the horizon. The decision to leave the monetary policy rate unchanged was widely expected, according to a report from Capital Economics. Headline inflation increased to 2.9% year-on-year at the end of July from 2.7% y-o-y in June, the central bank statement showed. This was driven by an uptick in food inflation and remains within Peru’s 1% to 3% target inflation range. The cen

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