11 May 2015
Peruvian central bank to refrain from easing – BBH
FXStreet (Edinburgh) - According to the research team at BBH, the Peruvian central bank could keep its monetary stance unchanged this week.
Key Quotes
“Peru central bank meets Thursday and is expected to keep rates steady at 3.25%”.
“April CPI came in as expected at 3% y/y, and remains right at the top of the 1-3% target range”.
“The economy remains sluggish, and so we think the central bank may tilt more dovish as inflation moves back into the target range”.
“For now, however, steady rates seem warranted. However, Finance Minister Segura last week signaled that fiscal stimulus is likely as the nation will tap accumulated savings from the multi-year commodity boom”.
Key Quotes
“Peru central bank meets Thursday and is expected to keep rates steady at 3.25%”.
“April CPI came in as expected at 3% y/y, and remains right at the top of the 1-3% target range”.
“The economy remains sluggish, and so we think the central bank may tilt more dovish as inflation moves back into the target range”.
“For now, however, steady rates seem warranted. However, Finance Minister Segura last week signaled that fiscal stimulus is likely as the nation will tap accumulated savings from the multi-year commodity boom”.