Another Central Bank Rate Cut in Peru – Currency Thoughts
Another Central Bank Rate Cut in Peru
May 9, 2025
The Central Reserve Bank of Peru‘s Board of Directors cut their interest rate by another 25 basis points to 4.5%, three percentage points below the peak of 7.5% that had prevailed from January 2023 until an initial cut in September of that year. In making its latest easing, a released statement notes that “the interest rate is approaching the level estimated as neutral. Future reference rate adjustments will be conditional on new information about inflation and its determinants.” Inflation is running a tad under 2.0%, and “one-year-ahead inflation expectations remained at 2.3 percent in April.”
Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Central Reserve Bank of Peru
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