Central Reserve Bank of Peru

August 12, 2016

Peru’s monetary policy rate had been raised during the final quarter of 2015 twice by 25 basis points and again in January and February of this year by the same amount. But there have been no further changes including at the latest Board meeting today. A statement released after the meeting justifies keeping the rate at 4.25%, noting that inflation dipped under 3.0% to 2.96% last month and observing that a prior spike in expected inflation is reversing. Peru’s economy is expanding near its potential trend and projected to slightly exceed 4.0% next year.

Copyright 2016, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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