Perú Tasa De Interés

Peru’s central bank left its policy rate on hold at 6.25% during its March 2024 meeting, while the market expected a cut of 25bps. That marked the seventh consecutive reduction in borrowing costs as inflation in the country continued to return toward the central bank’s target. The country’s annual inflation rate accelerated to 3.3% in February from 3% in January, still remains the upper limit of the bank’s target range of 1% to 3%. The board also noted the outlook of global economic activity points towards moderate growth in a context of lower inflationary pressures. However, risks associated with international conflicts remain, with adverse effects on fuel and freight prices. The officials mentioned that future adjustments in the reference rate will be conditional on new information on the inflation and its determinants.