Central Reserve Bank of Peru
June 8, 2018
Peru’s central bank policy rate was kept steady at 2.75%. That’s the level reached after a string of alternate odd-numbered monthly 25-basis point cuts beginning in May 2017 and ending in March 2018. A statement released by the BCRP Board asserts that whereas CPI inflation of 0.9% on year in May lay below the target floor, expected inflation remains higher, international financial uncertainties persist, and inflation is likely to converge on 2% by the end of this year. “The Board considers that it is appropriate to maintain an expansionary policy stance until it is certain that this convergence will take place when inflation expectations are anchored in a context in which the level of economic activity is close to its potential level of growth.”
Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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