December 16, 2013
Peru’s central bank held rates at 4.0% at its monthly meeting. “This level
Peru’s central bank held rates at 4.0% at its monthly meeting. “This level of the reference rate is compatible with an inflation forecast of 2% in the forecast horizon (2014–2015),” the bank says in a note following the decision. It also takes note of Peru’s inflation, which is in the target range, GDP and supply considerations, and global economics. In November, the central bank surprised the market with a cut from 4.25% after 29 months of holds. The next policy meeting will be January 9.