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Barclays Expect Below Consensus +25BP BCRP Hike

PERU
  • Barclays expect the BCRP to hike the reference rate by 25bp to 6.75%, below the consensus +50bp, as the economy has been slowing and, particularly, given the political noise around President Castillo’s third impeachment attempt, inflation (albeit high) not having kept an upward trend, and USD-PEN volatility having declined significantly in the past few weeks.

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