Central Reserve Bank of Peru
April 10, 2015
Peru’s monetary policy interest rate had been cut by 25 basis points to 3.25% in January, and reserve requirements were reduced by 50 basis points each at the January, February and March meetings of the central bank Board. At April’s meeting, the key interest rate, which had also been cut by 25 bps each in November 2013, July 2014, and September 2014, was left at 3.25%, but reserve requirements were slashed further to 7.5% from 8.0%. A released statement reiterated points made in prior statements. Sub-trend economic growth is projected ahead, and above-target inflation currently is attributed to supply-side factors related to perishable foods that will subside. Inflation expectations consistent with the 2.0% medium-term target remain well-anchored, and inflation is seen converging on the target in the year ahead.
Copyright 2015, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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