November 11, 2010
Goldman Sachs expects Peru’s central bank to maintain its policy rate at 3.
Goldman Sachs expects Peru’s central bank to maintain its policy rate at 3.0% today, in line with market consensus. Goldman says in a report that consumer prices fell 0.14% in October, the second month in a row Peru experienced negative inflation. Goldman sees the 3.0% rate as stimulative, but not exceptionally so. Lacking inflationary pressure, the central bank will remain comfortable at this level for sometime, Goldman says, with a hike not coming until the first quarter of 2011.