Peru Expected to Keep Rate at 1.25%

Peru Expected to Keep Rate at 1.25%

Peru

In line with consensus, Morgan Stanley expects Peru’s central bank to keep the monetary policy rate on hold at 1.25% despite the continued drop in inflation as the bank waits for the effects of the past policy easing to filter through to the economy and the global recovery to lift expectations and domestic demand. Bulltick Capital, on the other hand, is going against market consensus and expects a 25bp cut, bringing the policy rate to 1.00%. Its forecast is based precisely on inflationary weakne

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