Pantheon Macroeconomics - Peru's central bank, the BCRP, kept borrowing costs at 3.25% last week, surprising the consensus forecast for a 25bp increase. This was an unexpected move because inflation risks have not abated much since the previous meeting, when policymakers lifted rates for the third straight month.

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14 Mar. 2016 Peru Hold Rates, But Tightening Cycle Hasn't Ended Just Yet

By Andres Abadia

Peru's central bank, the BCRP, kept borrowing costs at 3.25% last week, surprising the consensus forecast for a 25bp increase. This was an unexpected move because inflation risks have not abated much since the previous meeting, when policymakers lifted rates for the third straight month.

Posted: 14th Mar 2016 in 'Latin America Documents'

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