The price of the dollar began the day with a slight decline, this Thursday, March 17, and stood at S/3,7180, according to information from Bloomberg. This represents a variation of -0.11% in relation to the settlement of last Wednesday when it was quoted at S/ 3.722, according to the report of the Central Reserve Bank of Peru (BCRP).
For its part, the purchase of the dollar in the parallel market is at S/ 3,700 and the sale amounts to S/ 3,735. While the price of the green ticket in the main banks of the country is quoted at S/ 3.7120, the purchase and sale at S/ 3.7340 in the Credit Bank (BCP), according to the portal How much is the dollar.
It comes as the Federal Reserve on Wednesday approved its first interest rate hike in more than three years, a hike to tackle spiraling inflation without torpedoing economic growth. That will bring the rate now to a range of 0.25% – 0.5%. The move will be matched by an increase in the prime rate and will immediately increase financing costs for many forms of consumer loans and credit. Fed officials indicated that rate increases will come with slower economic growth this year, according to a report by Renta4.
Source: Larepublica
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