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Bcr Keeps the Reference Interest Rate at 4.25%, Why?
Summary by El Comercio
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It is projected that year-on-year inflation will approach the center of the target range by the end of the year. This means that it would be closer to 2%, which is the center of the target range, ranging from 1% to 3%.
·Lima, Peru
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The board of the Central Reserve Bank of Peru (BCRP) decided to maintain the reference interest rate.With this, the key rate was held at 4.25% in October.The monetary authority made this decision after a cut of 25 basis points in September.In September, the monthly rate of total inflation was 0.01%, while the rate of inflation without food and energy was 0.06%. READ ALSO Financial entities: what do BCRP specialists think about smaller ones?The t…
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