LatinNews Daily - 20 March 2020

* Peru’s central bank (BCRP) has reduced the benchmark interest rate by 100 basis points, from 2.25% to 1.25%. A BCRP statement noted that economic activity in Peru has been affected by “a supply shock and the reduction of internal demand” as a result of the coronavirus (Covid-19) pandemic, and said the country has to prepare for “the possibility of a global economic recession in the first half of the year”. The statement added that the bank’s board of directors are meeting frequently with the economy & finance ministry to implement measures to protect macro-financial stability, as well as productive activity and employment.

End of preview - This article contains approximately 103 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial