The issuing entity lowered the reference rate by 25 basis points.
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The board of directors of the Central Reserve Bank of Peru agreed to lower the reference interest rate—which governs the financial system—to 6.0%, about 25 basis points less than in March, when they decided not to touch it. (6.25%).
According to the issuing entity, the reduction responds to the fact that inflation in year-on-year terms fell from 3.3% to 3.0%—locating itself at the upper limit of the target range.
In addition, they project that year-on-year inflation will continue to decrease and return to the target range in the coming months.
On the other hand, the BCRP board stressed that in March all indicators of macroeconomic expectations reached the optimistic range, although at 12 months, a slight deterioration was observed.
Trained at the Jaime Bausate y Meza University. In constant learning. Economics is the branch of journalism closest to the people and my duty is to be a bridge to information.
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.
