Thursday, January 6, 2011

Peru Central Bank Raises Interest Rates 25bps to 3.25%

The Central Reserve Bank of Peru unexpectedly raised interest rates 25
basis points to 3.25% from 3.00%. The Bank noted the move was
preventative in nature; driven by rising inflation which has been
stoked by rising food and energy prices. The Peruvian economy is
expected to have expanded by about 9% in 2010, meanwhile core
inflation was 2.1% in December.


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