Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By CentralBankNews.info (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

Peru raises rate 6th time, normalization to continue

Thursday, January 6, 2022 21:49

% of readers think this story is Fact. Add your two cents.

Peru’s central bank raised its key interest rate for the sixth month in a row and said it expects to continue normalizing its monetary policy stance in coming months based on current information.
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.”

After slowing in November to 5.66 percent, Peru’s headline inflation rate picked up speed again in December to 6.43 percent, the highest rate since January 2009.

Excluding food and energy, inflation was 3.24 percent in December and also above the central bank’s target range of 2.0 percent, plus/minus 1 percentage point.

BCRP said it expects inflation to return to its target range in the fourth quarter of this year, a slight change to its forecast in December when it said it expected inflation to return to the target range in the second half.

The central bank said inflation expectations for 2022 had risen further to 3.7 percent from 3.5 percent and most indicators of expectations about the economy remain on the pessimistic side, the bank added.

Last month the central bank’s president, Julio Velarde, said in a press conference he expects economic growth in 2022 of 3.4 percent along with inflation of 2.9 percent.

Peru’s gross domestic product grew 11.4 percent year-on-year in the third quarter of 2021 and Velarde raised his estimate for 2021 growth to 13.2 percent from an earlier 11.9 percent.

www.CentralBankNews.info

Source: http://www.centralbanknews.info/2022/01/peru-raises-rate-6th-and-sees-continued.html

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

LION'S MANE PRODUCT

Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.

Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.

Comments

Visits:	1,707,168,835
Stories:	8,447,346