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Central Bank Expected To Hold Reference Rate At 7.75%

PERU
  • All surveyed analysts are forecasting the BCRP to keep policy steady on Thursday, maintaining the reference rate at 7.75%.
  • As a reminder, last week’s release of Lima headline May inflation registered at 0.32% M/m, which was close to the Bloomberg median surveyed estimate. This saw the annual headline CPI rate decrease to 7.9%. It is expected that the board will reiterate that the downward trend in yoy inflation is forecast to continue in the coming months, with a return to the target range in Q4 of this year.
  • Preview with analyst views is here:
  • Peru Central Bank Preview - June 2023.pdf


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