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PERU: BCRP Interest Rate Decision Due At 2300GMT/1800ET

PERU
BulletPeruEM BulletEmerging Market News
  • A reminder that the latest BCRP interest rate decision is due later this evening, with a majority of analysts expecting the policy rate to be left unchanged at 4.75%. The central bank will be encouraged by the latest benign inflation data, which keep the door open to another 25bp cut.
  • However, the explicit mention to the reference rate approaching neutral, a more hawkish Fed and prominent external risks relating to global trade may prompt a cautious hold at this juncture.
    • The full MNI preview with analyst views is here. 
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  • A reminder that the latest BCRP interest rate decision is due later this evening, with a majority of analysts expecting the policy rate to be left unchanged at 4.75%. The central bank will be encouraged by the latest benign inflation data, which keep the door open to another 25bp cut.
  • However, the explicit mention to the reference rate approaching neutral, a more hawkish Fed and prominent external risks relating to global trade may prompt a cautious hold at this juncture.
    • The full MNI preview with analyst views is here.