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6th May 2022 00:20Latin America, Daily Monitor

The COPOM increased rates by 100bp, as widely expected, but has tweaked its near-term plans...

...It has opened the door for a hike of “lower magnitude” in June; this will be the last of the cycle.

Inflation in Peru is running wild despite the implementation of subsidies; the BCRP will hike next week.

bcrp brl copom cpi diesel domestic demand external conditions food prices fuel gasoline headline index inflation expectations inflation forecast May monetary policy peru policy policymakers q2 q4 rate hike restaurants selic rate transportation transportation costs vat

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Keywords for: The COPOM Hints a Modest Rate Hike in June, but Uncertainty is High

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