Central Reserve Bank of Peru
April 7, 2017
Peru’s policy interest rate has been again maintained at 4.25% even though actual inflation and expectations of future inflation in the short run have moved higher. The rate has been at this level since a 25-basis point cut in February 2016 culminated for such moves starting in September 2015. A released statement noted that growth has slowed and that the rise of inflation to 4.0% reflects transitory factors, some related to weather caused by El Nino.
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