May 23, 2024 14:39 GMT
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)
90 words