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BCRP Governor Velarde Says Policy Rate Can Fall 100bp Below The Fed

PERU
  • Monitoring comments from BCRP Governor Julio Velarde, who is speaking at a conference. He has said that Peru's policy rate can fall 100bp below the Fed's.
  • With Peru's policy rate currently at 5.75%, this potentially signals scope for a further 125bp of rate cuts over the coming months.
    • Peru interest rate can fall 100 bps below fed's
    • Peru GDP expected to grow 3% in 2024
    • Peru private investment to grow 2.3% in 2024
    • Peru inflation in 2024 to end between 2% and 2.2%
    • Peru 2024 mining exports could hit $47 bln if prices stay high (BBG)
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  • Monitoring comments from BCRP Governor Julio Velarde, who is speaking at a conference. He has said that Peru's policy rate can fall 100bp below the Fed's.
  • With Peru's policy rate currently at 5.75%, this potentially signals scope for a further 125bp of rate cuts over the coming months.
    • Peru interest rate can fall 100 bps below fed's
    • Peru GDP expected to grow 3% in 2024
    • Peru private investment to grow 2.3% in 2024
    • Peru inflation in 2024 to end between 2% and 2.2%
    • Peru 2024 mining exports could hit $47 bln if prices stay high (BBG)