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Published on Friday, October 16, 2015

Peru | Unsurprisingly, the central bank kept the policy rate on hold

The central bank kept the policy rate on hold in October at 3,50%. Both transitorily subdued inflationary pressures and the recent negative surprise in output growth explained this decision. We do not expect any rate change in November, but we cannot rule out a tightening thereafter due to the impact the El Niño weather phenomenon could have on inflation.

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