Peruvian central bank on hold as outlook improves

Photo of Julio Velarde
Peruvian central bank governor Julio Velarde
MARIANA BAZO/Reuters/PA Images

The board of the Central Reserve Bank of Peru held the policy rate at 2.5% on September 12, noting the improved outlook since its decision to cut rates in July.

“In August, the annual inflation rate and inflationary trend indicators were located within the target range,” the board said in a statement. The central bank targets an inflation rate of 2% +/- one percentage point.

The central bank cut the policy rate by 25 basis points at its July meeting. Since then, policy-makers said indicators

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