Central Reserve Bank reduced the reference interest rate to 4.50 %

The monetary institution anticipates future adjustments based on the evolution of inflation, economic activity and the international environment.The Central Reserve Bank (BCR) cut its reference interest rate at 25 basis points, placing it at 4.50 %, in line with the process of decelerating inflation.The BCR board stated that this rate is close to the estimated neutral level and that future adjustments will depend on inflationary behaviour and it…

The Central Reserve Bank of Peru (BCRP) announced the reduction of its reference interest rate by 25 basis points, placing it at 4.50%.With this adjustment, the rate is located close to the level considered neutral by the issuing entity.Inflation under controlIn April, monthly inflation was 0.32%, while inflation without food and energy stood at 0.14%.At twelve months, overall inflation rose to 1.7% (from 1.3% in March), driven mainly by the ris…

Peru’s annual inflation remains the slowest among its Latin American peers, providing space for central bankers to reduce rates