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Bank of America Expect Three Further BCRP Hikes To 7.75%

PERU
  • BofA forecast the BCRP to hike 25bp on November 10, taking the policy rate to 7.25%.
  • They believe high inflation (8%), well above the target (2%), and the US Fed actions will induce the BCRP to continue hiking in the next three meetings, until reaching 7.75%.

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