Peru Central Bank Rate Kept at 4.25%
December 8, 2011
Peruvian monetary policy has been paused since May 2011 following ten hikes totaling 300 basis points squeezed into a 12-month period. A statement from the Central Reserve Bank of Peru contains standard boiler plate anti-inflationary stuff, tying future policy moves to “the evolution of inflation and its determinants.” The statement blames temporary factors for a recent rise of inflation to 4.6% total and 3.7% on the underlying trend. Some components of Peruvian GDP have lately shown slower rates of expansion, and international financial risks are being monitored closely. Only as these developments affect the outlook for inflation will policy be guided.
Copyright 2011, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Peru
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