Peru | No change in the policy rate and we expect this to continue in the 2H15
Published on Friday, June 12, 2015 | Updated on Friday, June 12, 2015
Peru | No change in the policy rate and we expect this to continue in the 2H15
Summary
The Central Bank kept the policy rate at 3,25% in June. Depreciation pressures on the PEN and a more challenging inflation outlook curbed any monetary policy stance easing in order to support weak private spending. We expect this situation to persist in the coming months and hence the policy rate to remain at 3,25% in 2H15.
Geographies
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- Peru
Topics
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- Macroeconomic Analysis
- Central Banks
Authors
Francisco Grippa
BBVA Research - Principal Economist
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