August 2, 2007
Inflation numbers out this week put pressure on Peru to raise rates Thursda
Inflation numbers out this week put pressure on Peru to raise rates Thursday. Higher prices of food and fuels and strong domestic demand growth are fueling inflation. "Given the large inflation surprise and confirmation that inflationary pressures have intensified, we believe the Central Bank is likely to raise the reference interest rate again [today], by 25bp to 5.00%," says Goldman Sachs.