Central Reserve Bank of Peru
May 10, 2018
Peru’s policy interest rate, which underwent six 25-basis point cuts from May 2017 to March 2018, was kept steady after this month’s monetary policy review. While inflation rose in April, it reached only 0.5%, half of the target floor. According to a released statement, “the Board considers that it is appropriate to maintain an expansionary policy stance until it is certain that this convergence will take place in a context of anchored inflation expectations.”
Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
ShareThis
