Peru | Central Bank remains expectant in November

Summary

The Board of the Central Bank decided to maintain the monetary policy rate at 0,25% in November. The Bank renewed its commitment to maintain a strongly expansive stance for a prolonged period and revised upward its inflation outlook yet again.

Key points

• Key points:
• The monetary authority now expects inflation to remain in the lower half of the target range (between 1 and 2 percent) this and next year.
• The Bank also remarked on its efforts to provide liquidity and their impact on credit.
• The statement does not refer to the current political context, which we interpret as a decision to wait and see how events develop over the next few weeks before considering a possible impact on the economy.

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