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PERU: BCRP Interest Rate Decision Due At 0000BST/1900ET

PERU
  • A reminder that the BCRP will announce its interest rate decision later this evening. The fall of core inflation to within the central bank’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 next week, keeps the door open for the BCRP to deliver another 25bp rate cut to 5.25%.
  • The majority of analysts are forecasting a 25bp cut, although some see risks of a renewed pause amidst signs of pressure on the currency.
    • The MNI preview with analyst views is here
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  • A reminder that the BCRP will announce its interest rate decision later this evening. The fall of core inflation to within the central bank’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 next week, keeps the door open for the BCRP to deliver another 25bp rate cut to 5.25%.
  • The majority of analysts are forecasting a 25bp cut, although some see risks of a renewed pause amidst signs of pressure on the currency.
    • The MNI preview with analyst views is here