Peru | Monetary policy dilemma remains: output, foreign exchange, inflation?
Published on Friday, July 10, 2015 | Updated on Friday, July 10, 2015
Peru | Monetary policy dilemma remains: output, foreign exchange, inflation?
Summary
The Central Bank kept the policy rate at 3,25% in July. The monetary policy dilemma remains and has actually intensified: private spending's weakness suggests the need for a stimulus, but depreciation pressures on the PEN and a more challenging inflation outlook curb it. We do not expect any change in the policy rate in the coming quarters.
Geographies
- Geography Tags
- Peru
Topics
- Topic Tags
- Macroeconomic Analysis
- Central Banks
Authors
Francisco Grippa
BBVA Research - Principal Economist
Documents and files
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