Central Reserve Bank of Peru

May 9, 2014

The BCRP reference interest rate was left at 4.0%, the level since a 25-basis point cut last November that happened to be the first decline in over four years.  Bank Board officials released a statement that observed

  • Sub-potential recent growth in economic activity;
  • Moderating upward supply-side pressure on inflation;
  • Well-anchored inflation expectations that are consistent with target even though total inflation of 3.5% exceeds such;
  • Mixed global economic trends.

The next Board meeting is scheduled for June 12.

Copyright 2014, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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