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BCRP Interest Rate Decision Expected At 0000BST / 1900ET

PERU
  • Most analysts expect the BCRP to cut the reference rate by 25bps to 5.75%.
  • A softer-than-expected inflation reading in April has seen annual headline CPI trending towards the BCRP’s target of 2% which could justify further policy easing at this juncture.
  • However, the hawkish repricing for the Federal Reserve and volatile external conditions has prompted some analysts to forecast an unchanged decision this week.
    • The full MNI preview with analyst views is here.

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