Central Reserve Bank of Peru: No Change in Reference Interest Rate
November 8, 2012
A statement from Peruvian monetary officials after this week’s meeting blames an uptick of inflation in the summer on temporary supply-side factors, observes that inflation eased back to a 3.25% on-year pace in October, and predicts stable GDP growth around its long-term sustainable trend. The last change of the 4.25% reference interest rate was made in May 2011, but reserve requirements have been raised a couple of times including in late October. There was some concern about the sol, which recently high a 15-month high.
Copyright 2012, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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