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Published on Friday, March 11, 2016 | Updated on Friday, March 11, 2016

Peru | A Central Bank hard to understand…

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.

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