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Goldman Sachs See Peru CB Waiting Longer Before Rate Cuts

PERU
  • Goldman Sachs saw few innovations in the policy statement, which reaffirmed its data-dependent stance. Although the door remains open for additional hikes, GS assess that the probability of this scenario is low.
  • They see the MPC waiting for longer and for more conclusive evidence that inflation is indeed on a decisive downward path to the target band, avoiding the temptation of premature easing of the policy stance at least through 2H2023.

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