A 25-Basis Point Interest Rate Cut in Peru
September 15, 2017
Authorities at the Central Reserve Bank of Peru implemented the third 25-basis point cut of 2017 following moves in May and July. A released statement justifies this third cut, even in the face of higher inflation in August than July, by projecting a decline in trend inflation over coming months and noting both lower expected inflation and continuing sub-potential economic growth. Consumer price inflation last month was 2.57% when excluding food and energy, and that’s within the target of 1-3%.
Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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