Peru cuts by 25bp in surprise move
Policy rate now approaching level “estimated as neutral”, central bank says
The Central Reserve Bank of Peru (BCRP) has unexpectedly cut its policy rate by 25 basis points to 4.5%.
In a statement yesterday (May 8), the bank’s board said the indicators related to expectations of economic activity had “showed a slight deterioration” compared with the previous month. It nevertheless added that most of these indicators had “remained in the optimistic territory”.
Year-on-year headline inflation in April was 1.65%, up from 1.28% the previous month and within the BCRP’s 1–3%
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