Peru cuts rates by 25bp for second successive month
Policy rates among lowest in Latin America amid cooling domestic inflation
Peru’s central bank yesterday (September 12) cut its policy rate by 25 basis points to 5.25%.
In a statement, the Central Reserve Bank of Peru (BCRP) said year-on-year headline inflation had fallen from 2.1% in July to 2% in August. It said year-on-year core inflation had fallen from 3% to 2.8% over the same period.
The bank’s board of directors said it expected headline inflation to stay within the target range of 1–3% and core inflation to “follow a decreasing trend” over the two-year forecast
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