Peru raises rate 6th time, normalization to continue
The Central Reserve Bank of Peru (BCRP) raised its reference rate by another 50 basis points to 3.0 percent and has now raised it a total of 2.75 percentage points following rate hikes in August, September, October, November and December last year, and today.
Unlike recent months, the bank’s board did not say it would maintain the current expansionary monetary policy stance for some time but said it was attentive to new information regarding inflation expectations and economic activity, and would “consider, if necessary, modifications in the monetary policy position that guarantee the return of inflation to the target range.”
Source: http://www.centralbanknews.info/2022/01/peru-raises-rate-6th-and-sees-continued.html
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