Peru central bank cuts dollar deposit reserve requirement anew
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Banco Central de Reserva del Perú announced another cut to its reserve requirement for U.S. dollar deposits, saying it will be reduced to 37% from 38% beginning in March, Reuters reported.
The central bank has steadily lowered reserve requirements since 2016 in an effort to encourage local lending. It cut the requirement to 38% from 39% early in 2018.
