Friday, May 13, 2011

Central Reserve Bank of Peru Lifts Rate 25bps to 4.25%

The Central Reserve Bank of Peru raised its monetary policy reference rate 25 basis points to 4.25% from 4.00% previously.  The Bank said: "This measure is aimed at offsetting the impact of the rise in the international prices of food and fuels on inflation expectations, in a context of high growth of domestic demand. Future adjustments in the reference rate will depend on new information on the evolution of inflation and its determinants."  Peru reported annual inflation of 3.34% in April, above the Bank's 1-3% inflation target.


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