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PERU: BCRP Governor Velarde Sees CPI Inflation Falling To 1% By End-March

PERU
BulletPeruEM BulletEmerging Market News
  • Speaking at the World Economic Forum in Davos today, BCRP Governor Julio Velarde that he expects inflation to fall by 1% by the end of March, before picking up again to close the year at around the 2% target.
  • Headline inflation fell 30bp to 1.97% y/y in December, opening the door for the BCRP to deliver another 25bp rate cut to 4.75% earlier this month.
  • January CPI data are due on Feb 1, with the next monetary policy meeting coming up on Fed 13.
    • "*PERU INFLATION TO COOL TO CLOSE TO 1% BY END OF 1Q: VELARDE" - BBG
    • "*PERU INFLATION TO CLOSE 2025 AT AROUND 2%: VELARDE"
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  • Speaking at the World Economic Forum in Davos today, BCRP Governor Julio Velarde that he expects inflation to fall by 1% by the end of March, before picking up again to close the year at around the 2% target.
  • Headline inflation fell 30bp to 1.97% y/y in December, opening the door for the BCRP to deliver another 25bp rate cut to 4.75% earlier this month.
  • January CPI data are due on Feb 1, with the next monetary policy meeting coming up on Fed 13.
    • "*PERU INFLATION TO COOL TO CLOSE TO 1% BY END OF 1Q: VELARDE" - BBG
    • "*PERU INFLATION TO CLOSE 2025 AT AROUND 2%: VELARDE"