Peru | More benign inflation outlook leads the central bank to keep its rate on hold
Published on Friday, May 13, 2016
Peru | More benign inflation outlook leads the central bank to keep its rate on hold
The Central Bank held in May the policy rate at 4,25%. The press release suggests that this decision was supported by a more benign inflation outlook and the recovery in output growth, more in line with its potential pace. We estimate that the policy rate will remain at its current level over the coming months.
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