Peruvian central bank on hold as outlook improves
The central bank cut rates in July amid weaker growth and global volatility
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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