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  • Peru’s inflation is rising on supply shocks; anchored expectations allow BCRP to maintain a cautious tone.
  • Activity remains resilient and near potential, though energy disruption and external risks cloud the outlook.
  • Policy will likely stay on hold, as uncertainty limits the scope for action, at least over the next six months.

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Keywords for: 18 March 2026 LatAm Monitor

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