Peru Holds Rate Steady As Inflation Hits Target Range
Peru’s central bank held its monetary policy reference interest rate unchanged at 4.25 percent, as widely expected, as inflation has continued to decline and is now within the bank’s target range. The Central Reserve Bank of Peru (BCRP), which has held its rates steady since April last year, said it expects [...]
Peru’s central bank held its monetary policy reference interest rate unchanged at 4.25 percent, as widely expected, as inflation has continued to decline and is now within the bank’s target range.
The Central Reserve Bank of Peru (BCRP), which has held its rates steady since April last year, said it expects “this trend to be maintained in 2013, with inflation gradually converging to 2 percent.”