LatinNews Daily - 08 December 2022

In brief: Peru raises interest rates

*Peru’s central bank (BCRP) has raised its benchmark interest rate 25 basis points to 7.5% in response to continued high inflation. In a statement explaining the increase, the 17th consecutive hike, the BCRP noted that annual inflation rose to 8.45% in November up from 8.28% in October which remains significantly higher than the bank’s target range of 1-3%. More broadly, the BCRP noted that “most economic forecasts and expectations remain pessimistic”.

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