6 Articles
6 Articles
The Board of Directors of the Central Reserve Bank of Peru (BCRP) agreed to maintain the reference interest rate at 4,25 %, according to the entity after its monetary policy session after considering recent price developments, inflation expectations and the performance of economic activity, as well as external risks that could affect the economy in the country.
The Central Reserve Bank maintained the interest rate unchanged for the fourteenth consecutive month and expects inflation to return to the target range. However, it warns of risks associated with the El Niño phenomenon and tensions in the Middle East.
The national decision surprised the majority of the market, which anticipated an adjustment to curb inflationary pressures
The Board is particularly attentive to the new information on inflation and its determinants
The bank announced that it kept the rate unchanged, despite annual inflation rising from 4.4% in August to 4.5% in September, mainly due to rising fuel and electricity prices.
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