Tuesday, March 1, 2011

Peruvian Central Bank Hikes Reserve Requirements 25bps

The Central Reserve Bank of Peru announced an increase to the required reserve ratio of 25 basis points. Peruvian banks' average reserve requirement was 12.1 percent during the period 1-Feb-11 to 22-Feb-11, according to data from the Bank. The move is intended "to keep inflation expectations anchored within the 1 percent to 3 percent target range," as the fast growing emerging market faces rising inflation risks.



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