Peru | Central Bank reaffirms absence of inflationary pressures
Published on Friday, April 9, 2021
Peru | Central Bank reaffirms absence of inflationary pressures
The Board of the Central Bank decided to maintain the monetary policy rate at 0,25% in April. The Bank renewed its commitment to maintain a strongly expansive stance for a prolonged period and stated that the higher inflation observed in March is transitory.
Key points
- Key points:
- The monetary authority stated that it expects inflation to remain in the target range throughout 2021 and 2022 and print in the lower half (between 1 and 2 percent) in 2022.
- The monetary authority pointed out that the higher inflation print in March is a result of supply factors.
- The Bank also remarked on its efforts to provide liquidity and their impact on credit.