Central Reserve Bank of Peru
June 10, 2022
The Central Reserve Bank of Peru also raised its policy interest rate yesterday. The size of the hike, like ones each month since September 2021, was by 50 basis points, and the new rate level of 5.5% compares to 0.25% a year ago. Peruvian CPI inflation last month rose to 8.1%, most since 1998, but officials believe the cresting point will be hit this month. Officials implied that monetary policy normalization in Peru is still ongoing, so more increases are highly likely.
Copyright 2022, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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