MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Central Bank Review: BCRP Hikes 50Bps To 3.5%

PERU
  • The Board of Directors of the Central Reserve Bank of Peru decided to raise the reference interest rate by 50 bps to 3.50%.
  • Some analysts noted a potentially dovish development with the removal of language surrounding the “convenience in continuing” with policy normalisation “in the next months”.
  • On the other hand, some noted the board’s acknowledgement that “energy and food prices are proving more persistent than expected”.
  • Headline inflation was described as “temporarily above the target range due mainly to a surge in international food and fuel prices, as well as exchange rate depreciation.” Inflation is expected to return to the target range in the Q4 2022.
  • The link to the full statement here: https://www.bcrp.gob.pe/eng-docs/Monetary-Policy/Informative-Notes/2022/informative-note-february-2022.pdf
  • Chief Economist for Peru’s central bank Adrian Armas will hold a press conference at 12pm local time following the bank’s decision.
  • The BCRP Board’s next monetary policy session will take place on March 10, 2022.
EM BulletCentral Bank of Peru - ReviewHomepageEM Central Bank ReviewLatAm Bank - ReviewEM Central Bank ReportsBulletEmerging Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.