September 13, 2024 10:41 GMT
MNI Peru Central Bank Review - Sep 2024: Another 25BP Cut
The BCRP delivered another 25bp cut to its reference rate to 5.25%, in line with most analysts’ expectations.
PeruCentral Bank of Peru - ReviewHomepageLatAm Bank - ReviewAnalysisEM Central Bank ReportsEM Central Bank ReviewGlobalStoryRegion
Executive Summary
- Peru’s central bank delivered another 25bp cut to its reference rate to 5.25%, in line with most analysts’ expectations.
- The board signalled a willingness to ease further, dependent on the incoming data, but also opened the door to renewed pauses as it said that this cut did not imply a cycle of successive moves.
- Analysts expect the central bank to continue with gradual rate cuts ahead, with a potential pause next month when the Fed does not hold a monetary policy meeting.
Click to view full review: MNI BCRP Review - Sep 2024.pdf
MNI (LONDON)
Keep reading...Show less
94 words