Peru could remain on hold this week – BBH
FXStreet (Edinburgh) – In the view of the research team at BBH, the Peruvian central bank could refrain from acting at its meeting this week.
Key Quotes
“Peru central bank meets Thursday and is expected to keep rates steady at 3.25%. However, a small handful looks for a 25 hike”.
“August CPI rose 4.0% y/y vs. 3.56% in July. This is well above the 1-3% target range. With inflation moving further above target, we think the chances of a hawkish surprise is possible, though our base case is steady rates”.
“At its August meeting, the central bank adopted a hawkish bias while leaving rates steady at 3.25%”.
In the view of the research team at BBH, the Peruvian central bank could refrain from acting at its meeting this week..
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