Central Reserve Bank of Peru
August 9, 2019
The latest central bank to cut its benchmark interest rate is the Central Reserve Bank of Peru, whose reference rate was lowered late yesterday to 2.5% from 2.75%. The statement announcing the decision cites the widely experience havoc being spread by changes in U.S. trade policies by the Trump Administration: “Global growth risks persist and the recent escalation in trade tensions exacerbated international financial volatility.” The statement also references supply shocks in some of Peru’s primary industries and projects continuing in-target inflation. The reference rate had been at 2.75% since a hike in May 2017.
Copyright 2019, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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