Banco Central de Reserva del Perú (BCRP) is the Peruvian central bank:
- cuts reference rate by 25bps to 5.25%, as expected
- says the rate cut does not necessarily mean more rate cuts in the future
- y/y inflation expected to stay within the target range on the projected horizon
- core inflation expected to have a downward trend
- indicators and forecasts improved in August
This article was written by Eamonn Sheridan at www.forexlive.com. Source