Peru | The BCRP and the economic cycle- the end of monetary policy rate reductions?

Between May 2017 and March 2018, the Central Reserve Bank of Peru (BCRP) cut the benchmark rate by 1.5% (from 4.25% to 2.75%), highlighting the expansive nature of the country's monetary policy. Nevertheless, we expect this rate reduction process to have concluded and that from the second half of 2019, the BCRP will begin to increase rates toward a more neutral level.

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