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BCRP Expected To Initiate Easing Cycle This Week

PERU
  • The majority of surveyed analysts believe the BCRP will initiate the easing cycle this Thursday with a 25bps cut of the reference rate to 7.50%.
  • However, according to the Bloomberg survey, two analysts are forecasting an unchanged decision and one analysts believe the MPC will opt for a bolder 50bp rate cut.

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