Central Reserve Bank of Peru cuts reference rate

Author: Eamonn Sheridan | Category: Central Banks

Rate down to 2.75%, from 3% 

This was expected (not by everyone, but a majority)
  • 6th cut to the rate in the last 10 months
  • GDP growth is slowing, inflation is low (a 7 year low) consumer demand is slow, job growth is slow
Just noting this, normal service (tariff related B/S) will resume now ;-)