July 12, 2024 10:36 GMT
MNI Peru Central Bank Review - July 2024: Pause Extended
Peru’s central bank kept its reference rate unchanged at 5.75%, in line with the majority of analysts’ expectations.
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Executive Summary
- Peru’s central bank kept its reference rate unchanged at 5.75%, in line with the majority of analysts’ expectations.
- The board continued to note the persistence of core inflation, which likely explained the decision to extend the pause, but kept the door open to further easing ahead.
- Most analysts expect gradual rate cuts to continue through H2, assuming a renewed decline in core CPI inflation ahead.
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