Central Reserve Bank of Peru
May 11, 2017
Peru’s monetary policy rate was sliced by 25 basis points to 4.0%. The move, according to a released statement, reflected in-target inflation, slower GDP growth that’s below the potential GDP trend, and uncertainty that surrounds the policies of key developed economy governments. The interest rate cut is the first since a 25-basis point reduction in February 2016. There were also 25-bp cuts in January 2016, December 2015, and May 2015.
Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Peruvian monetary policy
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