Central Reserve Bank of Peru Maintains 4.25% Interest Rate

March 9, 2017

The last change in Peru’s central bank interest rate was a 25 basis point cut in February 2016 that culminated a percentage point of easing in the space of five months. A released statement after the latest Board meeting observes a 0.4 percentage point drop in core inflation last month, in-target inflation expectations, somewhat slower domestic demand, recovering global economic activity, and the persistently uncertain international environment. Higher food prices are blamed on climate change.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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