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PERU: BCRP Expected To Stay On Hold Next Week

PERU
  • With the BCRP signalling last month that a pause in the easing cycle is likely, the central bank is expected to stay on hold next week, at 5.0%.
  • The recent up-tick in CPI inflation also gives a reason to pause, while Governor Velarde said that the increase in public spending is limiting the pace at which the central bank can cut interest rates.
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  • With the BCRP signalling last month that a pause in the easing cycle is likely, the central bank is expected to stay on hold next week, at 5.0%.
  • The recent up-tick in CPI inflation also gives a reason to pause, while Governor Velarde said that the increase in public spending is limiting the pace at which the central bank can cut interest rates.