Free Trial

Scotiabank on BCRP Decision Due Later Today

  • Peru’s central bank is expected to hike by another 50bps to 4% on Thursday. That would take cumulative hikes up to 375bps since the tightening campaign began last August.
  • Inflation returned to above 6% (6.2% y/y) in February and is rising at the quickest pace since 2009. Core CPI climbed to 3.25% which is its fastest since 2016.
  • Both are well above the 2% +/-1% inflation target range while global inflation risk has climbed since the last meeting on February 10.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.