*Peru’s central bank (BCRP) has lowered its benchmark interest rate by 25 basis points to 6.75%. In a statement explaining its decision, the BCRP noted that there had been monthly deflation of -0.16% in November, which brought the annual rate to 3.6% – down from 4.3% in October. The bank predicted that Peru’s annual inflation range would reach the target range of 1-3% in “the coming months”, although it noted that the country’s economic outlook remains “pessimistic” and that social protests and the El Niño climate phenomenon have caused greater supply shocks than anticipated.
- VENEZUELA/GUYANA: Maduro and Ali agree to avoid military conflict
- In brief: Peru lowers interest rates
- BRAZIL: Congress overturns Lula’s vetoes
- In brief: Monthly drop in Brazil’s retail sales in October
- GUATEMALA: CC provides boost to Arévalo
- In brief: Remittances to Dominican Republic in line with year-end forecast
- MEXICO: López Obrador names new SCJN justice
- In brief: Mexico’s central bank maintains interest rate
- ARGENTINA: Bullrich cracks down on protests
- In brief: Uruguay’s GDP contracts in third quarter year-on-year