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MNI Peru Central Bank Preview – August 2023

PERU
  • BCRP May Provide Dovish Signal Amid Weak Growth & CPI Decline
    • The majority of surveyed analysts are expecting the BCRP to keep the reference rate unchanged on Thursday at 7.75%.
    • However, two analyst previews seen by MNI are calling for the initiation of policy easing as soon as this week. This would be considered a large surprise given the latest central bank statement in July maintained a tightening bias. However, given the much softer economic activity data and continued disinflation, the probability of a dovish policy pivot has notably increased.
  • Full preview with analyst views here:
  • MNI Peru Central Bank Preview - August 2023.pdf


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