Central Reserve Bank of Peru
December 15, 2016
A statement released after this month’s monetary policy meeting said the decision to leave the key interest rate at 4.25% “is consistent with an inflation forecast in which inflation converges to 2 percent towards the end of 2017. … Expectations of inflation in 12 months have increased slightly but continue showing a declining path within the target range in the next two years.” Four 25-basis point increases were engineered from September 2015 to February 2016, but the rate has been 4.25% since that last change.
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