October 6, 2011
Peru is expected to keep its benchmark interest rate at 4.25% for the fifth
Peru is expected to keep its benchmark interest rate at 4.25% for the fifth straight session when the central bank meets today. Most analysts see a pause as the global economic slowdown is tempered by higher inflation, though some, such as Barclays, call for a 25bp cut. The bank left the door open to a cut in a September statement, if the global outlook continued to deteriorate. However, Central Bank head Julio Velarde said publicly September 21 that he saw no need to change monetary policy.