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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

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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

Keep reading...Show less