Peru’s board cuts interest rates by 25 basis points

Central bank says inflation should continue falling towards centre of target range

Central Reserve Bank of Peru
The Central Reserve Bank of Peru

The Central Reserve Bank of Peru (BCRP) cut its key reference rate by 25 basis points to 6% on April 11.

Peru’s year-on-year inflation rate fell to 3.0% in March from 3.3% in February, having fallen for 11 of the last 12 months. Annual core inflation in March was recorded unchanged from February at 3.1%.

The central bank’s seven-member board of directors said it expects inflation to continue falling “in the coming months”, towards the centre of its target range of 2% with a 1% tolerance band.


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