Central Reserve Bank of Peru Retains 4.25% Interest Rate
May 12, 2016
Citing a reversal of expected inflation, food prices and utilities, as well as a recovering in domestic demand, Peruvian monetary policymakers, who had hiked their key interest rate in September and December of 2015 as well as each of the first two months of 2016 — each time by 25 basis points — again saw no reason to tighten further. This was the third such decision in a row. Inflation is targeted at 1-3% and projected to decelerate from 3.4% this year to 2.9% in 2017 and 2.6% in 2018.
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