Bets grow on Peru rate cut

Bets grow on Peru rate cut

Economy & Policy

Peru’s central bank could make its first change in the base rate since a 25bp cut in November, some analysts have said ahead of the monetary policy committee meeting today. Analysts at Itau forecast a 25bp cut, after figures for the second quarter showed further deceleration in economic growth amid loose global monetary conditions. In its last policy meeting, the central bank held the base rate at 4% but reduced commercial banks’ cash reserve requirements from 12% to 11.5%, after two months of m

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