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Peru Holds Interest Rate at 4.25% as Gas Crisis Fuels Inflation
4 Articles
4 Articles
LIMA (AP) — Peru announced on Friday that it repaired the only pipeline that transports natural gas and gas liquids from the Amazon to the capital that broke in early March. The incident caused the rationing of fuel for thousands of vehicles, shops and industries, as well as the increase in prices for almost all products. “Since 6:00 a.m. today (Friday) the transportation of gas has been restarted in a comprehensive way, the progressive distribu…
Peru Holds Interest Rate at 4.25% as Gas Crisis Fuels Inflation
Key Points — Peru’s central bank held its benchmark rate at 4.25% for a fourth straight meeting as annual inflation accelerated to 2.21%, its fastest pace since 2024 — A pipeline rupture at the Camisea gas field on March 1 slashed natural gas supply to 9% of normal, triggering rationing, fuel price spikes, and school […] The post Peru Holds Interest Rate at 4.25% as Gas Crisis Fuels Inflation appeared first on The Rio Times.
Gas crisis and El Niño cut annual growth projection: BBVA Research lowers the estimate of 3.1% to 2.9%Minem announces that repair of Camisea pipelines records a 74% advanceThe Central Reserve Bank (BCR) decided to keep the reference interest rate at 4.25% at its March session, after assessing the recent evolution of inflation, inflationary expectations and economic activity conditions.In February, monthly inflation was 0.69%, while inflation wit…
Annual inflation up to February increased by 2.21%, its fastest rate since 2024. The central bank targets annual inflation from 1% to 3%
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