Peruvian Monetary Policy Remains on Hold

August 9, 2012

The last change of the Central Bank of Peru’s monetary policy interest rate was a 25-basis point hike announced May 12, 2011 to 4.25%.  That streak of an unchanged stance extend for yet another month even though July inflation of 3.3% lay above the 1-3% target range.  In a statement, officials said that the elevation of inflation is transitory and they expect in-target results by the end of this year.  GDP growth is vibrant at around 6%.

Copyright 2012, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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