Central Reserve Bank of Peru
November 8, 2019
The Central Reserve Bank of Peru late yesterday announced a 25-basis point reduction of its reference interest rate to 2.25%. This follows a similar cut in August. There were also two 25-basis point cuts in the first quarter of 2018 and three such cuts in the second half of 2017. A released statement observes weakness in the economies primary industries and projects CPI inflation hovering near 2.0% but with a downside bias. The statement also indicates that today’s rate doesn’t necessarily herald further easing.
Copyright 2019, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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