FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI Peru Central Bank Preview – March 2024: Gradual Easing Cycle To Continue

MNI Peru Central Bank Preview – March 2024

MNI Peru Central Bank Preview – March 2024

Executive Summary

  • Most analysts expect the BCRP to continue with its gradual easing cycle, delivering another 25bp cut which would bring the reference rate down to 6.00%.
  • However, one analyst expects the central bank to stay on hold at 6.25%, pausing the cycle after six consecutive 25bp moves.
  • The general view is that weak GDP growth, the decline in inflation expectations and recent appreciation of PEN against the US dollar still support the case for further gradual easing.
  • However, there is some caution emerging among analysts over declining interest rate differentials, given the shift in Fed rate cut expectations. The recent increase in CPI inflation also gives BCRP little room to step up the pace of easing.

Click to view full preview:

MNI Peru Central Bank Preview - March 2024.pdf

LatAm Bank - PreviewCentral Bank of Peru - PreviewEM Central Bank ReportsEM Central Bank PreviewEmerging Market News

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.