Central Reserve Bank of Peru: No Change in Reference Interest Rate

November 8, 2012

A statement from Peruvian monetary officials after this week’s meeting blames an uptick of inflation in the summer on temporary supply-side factors, observes that inflation eased back to a 3.25% on-year pace in October, and predicts stable GDP growth around its long-term sustainable trend.  The last change of the 4.25% reference interest rate was made in May 2011, but reserve requirements have been raised a couple of times including in late October.  There was some concern about the sol, which recently high a 15-month high.

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



Comments are closed.