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Lima Consumer Prices Rose 1.48% M/m in March; Est. +0.92%

PERU
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  • Peru Lima Consumer Prices Rose 1.48% M/m in March; Est. +0.92% (BBG)
    • Brings the annual metric to 6.82% from 6.15% in February.
  • For reference, the BCRP are scheduled to meet and release their latest decision on rates next week, April 7. Just one estimate in the Bloomberg survey so far calling for another 50bp hike to 4.5%.
  • From the March statement: "The Board is particularly attentive to new information on inflation expectations and economic activity, with an aim to consider, if necessary, changes in the monetary stance so that inflation returns to the target range over the forecast horizon."
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  • Peru Lima Consumer Prices Rose 1.48% M/m in March; Est. +0.92% (BBG)
    • Brings the annual metric to 6.82% from 6.15% in February.
  • For reference, the BCRP are scheduled to meet and release their latest decision on rates next week, April 7. Just one estimate in the Bloomberg survey so far calling for another 50bp hike to 4.5%.
  • From the March statement: "The Board is particularly attentive to new information on inflation expectations and economic activity, with an aim to consider, if necessary, changes in the monetary stance so that inflation returns to the target range over the forecast horizon."