Peru kept borrowing costs unchanged after the central bank said it will lower reserve requirements and the government took steps to offset slowing exports.
Peru’s central bank kept borrowing costs unchanged after cutting reserve requirements for a sixth time in seven months to fuel a rebound in growth.
Peruvian monthly inflation slowed in August after increasing at the fastest pace in three years the previous month, as the lower cost of imported grains offset higher electricity prices.
Peru’s sol rose this week on speculation higher prices for metals, including copper, will continue to lure foreign investment into the country.
Peru kept borrowing costs unchanged for the 18th consecutive month as policy makers said economic growth is near its potential and inflation is slowing to the mid-point of their target range.
Peruvian consumer prices fell for the first time in 10 months in August as food prices continued to ease.
Peru’s central bank kept borrowing costs unchanged for a 29th straight month after reducing reserve requirements to counter slower growth.
Peruvian inflation accelerated for the first time in three months in February as food prices rose after flooding damaged crops and blocked roads.
Peru’s central bank probably will keep borrowing costs unchanged for the 18th consecutive month today after taking steps to stem a rally in the sol and restrain credit demand.
Peru’s sol was little changed after the central bank bought dollars and raised reserve requirements, offsetting rising demand for the local currency.
"The authorities have unified the message that both monetary policy and fiscal policy will have a more expansive bias in the coming months."
- Mario Guerrero on Jun 12, 2014