Peru unexpectedly raises rates

The Central Bank of Peru surprised markets on Thursday by backing a 25 basis-point hike and raising the reserve requirement for foreign and domestic currency holdings.

The rise took rates to 5.5%.

The central bank increased the minimum reserve requirement from 8% to 8.5%. The marginal reserve requirement for domestic currency rose to 25%, the requirement for foreign currency to 45%. It said the reserve requirement measures would have the same impact as a 50 basis point hike to its benchmark

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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 individual account

.