Peru to hold rates despite higher inflation

Peru to hold rates despite higher inflation

Economy & Policy

Strategists are expecting Peru’s central bank to leave rates and local banks’ reserve requirements unchanged at its meeting today, despite increasing pressures on prices. Annual inflation rose to 3.5%, from 3.4% last month, according to official figures released earlier this week. That is above the 1% to 3% target range. The rise could be down to seasonal dynamics in food prices and an increase in electricity prices, analysts at Credicorp said. Yet rate hikes are unlikely in the coming months be

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