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MNI Peru Central Bank Preview – Sep 2024: Further Easing Expected

MNI Peru Central Bank Preview - Sep 2024

MNI Peru Central Bank Preview - Sep 2024

Executive Summary

  • The fall of core inflation to within the BCRP’s target band for the first time since January, along with the weak June economic activity print and expectation that the Fed will start an easing cycle this month, keeps the door open for the BCRP to deliver another 25bp rate cut to 5.25% this week.
  • The majority of analysts are forecasting a 25bp cut on Thursday, although some see risks of a renewed pause amidst signs of pressure on the currency.

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