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MNI BCRP Preview – January 2024:  Gradual Easing To Continue

PERU
  • Monetary policy decision and statement press release: 2300GMT/1800Local - Thursday, January 11, 2024.
  • All surveyed analysts believe the BCRP will continue with its gradual easing cycle with another 25bp cut, bringing the reference rate down to 6.5%.
  • However, the decline of 12-month inflation expectations to the target range for the first time in two-and-a-half years in December, alongside continued weakness in economic activity, potentially opens the door to a faster pace of cuts in the coming months.
  • The full MNI preview with analyst views is here:
  • MNI Peru Central Bank Preview - January 2024.pdf


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