Peruvian Monetary Policy Rate Left at 4.0% after Being Cut in May
June 9, 2017
The Central Reserve Bank of Peru Board had cut its interest rate four weeks ago in the first policy change in fifteen months. A statement released last Thursday after its June meeting reiterates the arguments made when policy was eased in May: Peru has in-target inflation, which should continue over the next two years; GDP is growing more slowly than the potential GDP trend; and uncertainty surrounds the policies of key developed economy governments. Officials had also implemented 25-basis point interest rate reductions in May and December 2015 and each of the first two months of 2016.
Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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