Peru raises reserve requirement in bid to stem capital inflows
The Central Bank of Peru has raised the amount of capital it requires banks to hold in reserve for short-term overseas loans, in a fresh attempt to curb capital inflows into the country.
Bloomberg, a newswire, reported the central bank on Monday as saying banks would need to hold funds equivalent to 75% of borrowings abroad maturing in less than two years, up from 65%. It quoted the central bank as saying the higher reserve requirement "reduces the possibility of short-term external capital
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