Peru | A Central Bank hard to understand…
Published on Friday, March 11, 2016 | Updated on Friday, March 11, 2016
Peru | A Central Bank hard to understand…
Summary
The Peruvian Central Bank surprised us by maintaining its policy rate at 4,25% in March. This decision came after inflation expectations increased again at the end of February and the improvement in firms' 2016 output growth forecasts. The main support for the pause was the appeasement in the FX market, as the press release suggests.
Geographies
- Geography Tags
- Peru
Topics
- Topic Tags
- Macroeconomic Analysis
- Central Banks
Authors
Francisco Grippa
BBVA Research - Principal Economist