Peru’s central bank cuts reference rate by 25bps to 5.25%, as expected

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