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11th Feb 2024 21:21Latin America, Daily Monitor

  • Peru’s BCRP cut the policy rate by the usual 25bp to 6.25%, as inflation continues to fall rapidly.
  • The Bank has ample room for manoeuvre, but bolder action is limited for now by the PEN sell-off.
  • Sluggish economic growth and challenging external conditions are testing the country’s fiscal resilience.

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Keywords for: 13 February 2024 LatAm Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence