Free Trial

Analysts Split Over BCRP Decision

PERU
  • Peru’s central bank meet today and as of writing, analysts are split over the decision. The meeting comes at an interesting juncture, given the most recent rhetoric from BCRP Chief Velarde last week where he said that the bank is “at the end” of the hiking cycle “but that does not mean that we are not going to lift.
    • 7/12 surveyed analysts forecast Peru’s central bank to raise its key rate by 25bps to 7.25%, five see the rate remaining unchanged.
  • Separately, copper output in Peru, the world’s No. 2 supplier, rose 13.5% in September from a year earlier, according to data compiled by the government.
    • Peruvian copper production of 229,990 tons in September was 10.7% bigger than in August. (BBG)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.