Peruvian rates hit 5.25% on inflation fears

The Central Bank of Peru's rate-setting board raised rates to 5.25%.

The central bank said the action was "adopted to maintain inflation expectations with the inflation target range", which is between 2% and 4%. Inflation reached 3.93% in 2007, which the central bank largely blamed on imported inflation, which hit 10.46%.

Along with the high rate of inflation recorded for 2007, the board said that a 0.45% rise in the consumer price index for Lima, Peru's capital city, in December had led them

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: