Peru expected to keep rates on hold as growth slows

Peru expected to keep rates on hold as growth slows

Economy & Policy

Economists expect Peru to maintain its benchmark interest rate at 4% when the central bank’s monetary policy committee meets later today. “Given the weak outlook for demand, we expect inflation to continue to moderate in the coming months, which could give the BCRP space to remain on hold,” Barclays said in a research note last week. Barclays said inflation could begin to pick up alongside economic growth in the latter part of the year, though the central bank could continue to counter inflation

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