Central Reserve Bank of Peru
October 13, 2016
Officials at Peru’s central bank left their policy interest rate unchanged at 4.25% and released a statement that projected a drop of CPI inflation below the target range ceiling fairly soon and to 2.0% by the end of next year. Measures of expected inflation are diminishing, and real GDP is expected to grow at a 3% average annual pace in 2016-17, with momentum to the upside. Deprecation of the Peruvian sol had boosted inflation and prompted 25-basis point rate hikes in September 2015, December 2015 and each of the first two months of this year.
Copyright 2016, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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