trending Market Intelligence /marketintelligence/en/news-insights/trending/uaBL9DNCLr6hvRPLL-uCNA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Peru holds key interest rate at 3.50%

Banking Essentials Newsletter - November Edition

Online Brokerage Space Should Remain Rich Source Of M&A

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


Peru holds key interest rate at 3.50%

The Banco Central de Reserva del Perú on Oct. 12 left the benchmark interest rate unchanged at 3.50%, as inflation returned to the target range and the economy is expected to recover from a slowdown, a central bank statement said.

The annual inflation rate eased to 2.94% in September from 3.17% in August, within the central bank's target range of between 1% and 3%. The central bank expects inflation to remain within this range in 2017 and 2018.

The central bank expects the economy to grow 2.8% this year from 3.9% growth in 2016, Reuters reported.

It lowered the interest rate by 25 basis points in May, July and September as growth slowed, said Reuters.