Horizon. United States Federal Reserve maintains the reference rate between 5.25% and 5.50%.
The United States Federal Reserve (Fed) announced that benchmark interest rates will not fall as soon or significantly as expected. Along these lines, it kept borrowing costs at their highest range in the last two decades, between 5.25% and 5.50%. There will only be a quarter-point reduction in interest rates this year.
Likewise, the Central Reserve Bank of Peru (BCRP) decided to maintain its reference interest rate at 5.75% for June, hoping to analyze the behavior of inflation, currently at 2% year-on-year.
On the other hand, the World Bank projects 2.9% growth in the Peruvian economy by the end of the year through cuts in the monetary policy rate. However, economist Eduardo Recoba affirms that it would only be a statistical rebound, since there is no improvement in private investment.
In addition, the reduction in the short-term interest rate would not have an impact on commercial banking either, since since the last quarter of 2023 there have been no reductions in rates or personal loan campaigns, explains Recoba.
Source: Larepublica
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