LatinNews Daily - 11 March 2022

In brief: Peru hikes interest rates again

* Peru’s central bank (BCRP) has announced its eighth consecutive monthly interest rate hike, raising the benchmark rate by 50 basis points to 4.0%. Noting that annual inflation hit 6.15% in February, the BCRP said in a statement that this is expected to fall over the next 12 months to around 3.75%, but warned that “recent international conflicts have increased uncertainty about the recovery of the global economy and about the magnitude of upwards pressure on commodity prices.” The BCRP emphasised that it may impose further monetary adjustments in the coming months, depending on inflationary pressures.

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