Central Reserve Bank of Peru
August 10, 2017
Peru’s monetary policy rate was left steady at 3.75%. Two reductions have already been made this year, each of 25 basis points in May and July. The four prior changes were increases, also each by 25 basis points, and the last of these moves was done in February of 2016. A statement after this month’s policy review notes that both total and core inflation are in target and trending gradually lower. In-target inflation is projected for the balance of this year and in 2018. Aggregate demand has been expanding more slowly than potential GDP, so more cuts are possible.
Copyright 2017, Larry Greenberg. All rights are reserved. No secondary distribution without express permission.
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