He Central Reserve Bank of Peru (BCRP) reported this Thursday, June 8, that the reference interest rate will remain at 7.75%, which does not necessarily imply the end of the cycle of increases that are conditioned by new information on inflation and its determinants, he specified. the entity.
To do this, the BCRP took into account the monthly rate for May, whose inflation was 0.32%, while inflation without food and energy reached 0.08%.
Likewise, the 12-month inflation rate fell from 7.97% in April to 7.89% for the fifth month of the year, an indicator that is still above the upper limit of the inflation target range.
“12-month inflation expectations fell from 4.25% in April to 4.21%”, can be read in the BCRP report. In this line, they project that a “decreasing year-on-year inflation” trend will continue in the coming months that will place it close to the target range at the end of the year, due “to the moderation of the effect of international food and energy prices, to the reversal of supply shocks in the agricultural sector”, it adds.
Along the same lines, this session also agreed to maintain the following interest rates for BCRP operations in national currency with the financial system under the over-the-counter modality:
- Overnight deposits: 5.25% per year.
- Direct reporting operations of securities and currency, and Monetary Regulation Credits: i) 8.25% per year for the first 10 operations in the last three months and ii) the interest rate set by the Monetary and Exchange Operations Committee for additional operations to these 10 operations in the last three months.
The next meeting of the Board of Directors in which the Monetary Program will be evaluated is scheduled for July 13, 2023.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
