trending Market Intelligence /marketintelligence/en/news-insights/trending/7tf6EO9KH5wr1-QeWrEjkQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Peru's central bank to cut reserve requirements in January

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Peru's central bank to cut reserve requirements in January

Banco Central de Reserva del Perú said it plans to cut in January 2017 the marginal reserve requirement for U.S. dollar deposits to 48% from 70% and lower the reserve requirement for local-currency deposits to 6% from 6.5%, Reuters reported.

The easing is aimed at boosting loan demand following the U.S. Federal Reserve's recent decision to increase borrowing costs for the first time in almost 10 years.

Together, the two measures are expected to result in the injection of 300 million Peruvian soles into the country's financial system, the central bank said.

The sol has fallen against the dollar since Donald Trump's U.S. election victory in November, the newswire noted.

As of Dec. 27, US$1 was equivalent to 3.38 Peruvian soles.