Economy & Business - January 2011 (ISSN 1741-7430)

PERU: Tightening monetary policy

Andean 04 February 2011 Modified: 04 February 2011 441 views

On 6 January the central bank raised its benchmark interest rate from 3% to 3.25%. The bank's monetary policy committee said that it was taking pre-emptive action in face of strong domestic demand and rising international food and energy prices.

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