Central Bank of Peru Cuts Interest Rate Further
May 10, 2024
The Central Reserve Bank of Peru‘s key interest rate has been sliced by another 25 basis points to 5.75% and bringing its drop so far in 2024 to a full percentage point. The rate had been at 7.5% from January through September of 2023. On-year total CPI inflation, which had been as elevated as 8.8% in June 2o22, printed at 2.4% last month. Such lied inside the target corridor, and core inflation of 3.0% was at the band’s ceiling. “Future reference rate adjustments will be conditional on new information.”
Copyright 2024, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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