Free Trial

Ex-Finance Minister Predicts Year-End Reference Rate At 5.5%

PERU
  • A top Peruvian economist expects the central bank to cut interest rates in the second quarter, after weeks of violent unrest took the economy to the brink of recession.
  • Alfredo Thorne, a former finance minister now at New York-based economic research group Global Source Partners Inc., said the unrest has been so disruptive that the economy is now contracting.
  • Thorne forecasts the bank’s key rate will end the year at 5.5%, from 7.75% currently. (Bloomberg)
  • For reference, the BCRP surprised the majority of analysts by leaving interest rates unchanged last week.

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.