Free Trial

Scotiabank Say Core Price Growth Point To Another 25BP Hike

PERU
  • Peru’s BCRP will likely roll out another quarter-point increase given stubbornly-high inflation which has failed to decelerate as fast as had been anticipated by the central bank. Core prices growth posted a new cycle high in data published earlier this month, although the overall headline CPI increase was significantly lower than expected.
  • Their economists note that although the low inflation in January suggests the possibility that the BCRP might consider the start of a pause in the rate hike cycle, they would not be surprised by an increase of 25bps at its next meeting on February 9, since it seems to us that the factors that explained the low month inflation seem temporary and because core inflation continues to rise.

To read the full story

Close

Why MNI

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.