Free Trial

BBVA Do Not Rule Out Additional Adjustments

PERU
  • The Bank tightened the monetary policy stance understood as the real ex-ante policy rate to a slightly more restrictive level. The policy rate increased by 25 basis points again and now stands at 2.47% in real terms (October: 2.11%).
  • The Bank explained that the higher inflation observed in October is a result of the increase in the international price of food inputs and fuels and maintained their inflation forecasts.
  • BBVA maintain that additional adjustments to the reference rate will be decided on a meeting-by-meeting basis and be highly dependent on the speed of descent of inflation and its expectations. BBVA do not rule out any additional adjustment to the reference rate.

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.