LatinNews Daily - 11 February 2022

In brief: Another interest rate hike in Peru

* Peru’s central bank (BCRP) has raised the country’s benchmark interest rate by 50 basis points to 3.50%, in its seventh consecutive monthly rate hike. In a statement, the BCRP explained that interest rates were raised in response to the 5.68% annual inflation recorded in January, which caused the bank to increase its inflation forecast for 2022 to 3.73%, up from the previous prediction of 3.68%. The statement added that “in January, most indicators for economic forecasting continued on a negative trajectory,noting that “financial markets have continued to show volatility… and the BCRP’s actions are aimed at attenuating those volatilities.”

End of preview - This article contains approximately 104 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.