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Peru Seen Cutting Rate to 1.50%

Aug 4, 2009

Peru will cut its monetary policy rate by 50bp to 1.50% in its August 6 meeting, following a 100bp cut to 2.0% in...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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