Central Reserve Bank of Peru’s Reference Rate Cut to 18-Month Low of 3.75%
July 13, 2017
Peru’s central bank rate 25-basis point cut this month was the second one of 2017 and returns the level to its lowest point since mid-December 2015 to mid-January of 2016. Both headline and core inflation are falling according to a released statement, and they are within the 1-3% target range. Expected inflation is also creeping lower, and growth has been slower than Peru’s potential trend. Prior to this year’s cuts in May and this month, four increases had been administered between September 2015 and February 2016. And before that tightening, four 25-bp cuts occurred from November 2013 to January 2015.
Copyright 2017, Larry Greenberg. All rights reserved. No secondary distriubtion without express permission.
ShareThis
