July 05, 2024 16:47 GMT
PERU: BCRP Decision Scheduled Next Thursday
PERU
- The most likely outcome of the July BCRP meeting is for the committee to extend its pause in the easing cycle, holding the reference rate at 5.75%. The persistence of core inflation above the upper bound of the target should help maintain the committee’s cautious stance. Furthermore, recent strength for domestic economic activity and a cautious Fed should bolster the likelihood of another hold at this juncture, while leaving the door open to resume easing later this year.
- A full MNI preview with analyst views will be published next week ahead of the decision.
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