Central Reserve Bank of Peru

January 11, 2018

Peruvian Central Bank Board members continued the pattern of cutting their policy rate every other monthly meeting. As they had done in May, July, September, and November, officials cut such by 25 basis points, and the new level becomes 3.0%. A released statement projects a further near-term decline of CPI inflation and core inflation. Inflation in both 2016 and 2017 was below the target midpoint, ending last year at 1.36% overall and 2.15% among core items. Real growth is still below its estimated potential trend.

Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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