Peru holds rate for fourth time in a row
Strong currency, stable inflation and healthy growth allow central bank to keep things as they are
Peru has held its policy rate at 4.25% for the fourth consecutive time, as inflation remains within the central bank’s target range.
In a statement on January 8, the Central Reserve Bank of Peru (BCRP) said economic activity had shown a “good performance” in December and remained “around its potential level”.
Year-on-year headline inflation that month was 1.5%, slightly up from the 1.4% in November. Core inflation, excluding food and energy prices, stood at 1.8% in December. The BCRP targets
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