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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