Peru Sees Rates Steady: Velarde

Peru Sees Rates Steady: Velarde

Bonds Corporate & Sovereign Strategy Peru Economy & Policy

Peru’s central bank does not yet see signs for a rate cut, despite a dramatic drop in commodity prices that may force authorities to revise down growth forecasts, its central bank governor Julio Velarde tells LatinFinance. “Of course we see a slowdown but the signs are still not there [for lowering rates]. This growth slowdown was expected, but I don’t believe it will be more dramatic,” the official says. Velarde’s comments came amid mounting speculation that the central bank will move to s

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