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9 Jul 2015
Peru could keep rates on hold – BBH
FXStreet (Edinburgh) - According to the research team at BBH, the Peruvian central bank could leave the refi rate unchanged at 3.25% at today’s meeting.
Key Quotes
“Peru central bank meets and is expected to keep rates steady at 3.25%”.
“CPI inflation accelerated to 3.54% y/y in June from 3.37% in May, putting it further above the 1-3% target range”.
“So despite the sluggish economy, rising inflation should keep the bank on hold for the time being”.
“Lower copper prices are complicating matters, and appear on track to testing the cycle lows from January”.
Key Quotes
“Peru central bank meets and is expected to keep rates steady at 3.25%”.
“CPI inflation accelerated to 3.54% y/y in June from 3.37% in May, putting it further above the 1-3% target range”.
“So despite the sluggish economy, rising inflation should keep the bank on hold for the time being”.
“Lower copper prices are complicating matters, and appear on track to testing the cycle lows from January”.