The issuing entity cut the reference rate again by 25 basis points due to the inflationary slowdown registered in January. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Thursday, February 8 These are the 3 new labor changes that will apply in 2024: […]
Tag: Reference rate
BCRP reduces the reference interest rate to 7.25% due to the fall in inflation
The Central Reserve Bank of Peru (BCRP) reported that its board of directors agreed to reduce the reference interest rate by 25 basis points to 7.25%. However, he stated that this decision does not necessarily imply a cycle of successive reductions in the interest rate. “Future adjustments in the reference rate will be conditional on […]
BCP: BCRP interest rates would drop in the next 2 months
The bank said it expects the highest monetary authority “to cut its reference rate by 100 basis points in the short term.” The cycle of cuts could start in October, although a first setback as soon as September is not ruled out. Join the WhatsApp channel of La República Price of the dollar today in […]
BCRP maintains the reference rate at 7.75% for the sixth consecutive month
It does not imply the end of the cycle of reference interest rate hikes. Future adjustments will depend on the data obtained on inflation, which could pick up with global El Niño. S/600 bonus to state workers: when will it be paid and to which labor regimes does it apply? Price of the dollar today […]
Regulations of the Income Tax Law are modified: now the SOFR reference rate will be used
The Ministry of Economy and Finance (MEF) published, this Thursday, June 29, the Supreme decret No. 137-2023-EF that formalizes the modification of the regulation of the Income Tax (IR) law. In this way, our country will begin to use the SOFR (Secured Overnight Financing Rate) as the predominant preferential rate for purposes of collecting income […]
The deepening of the economic deterioration puts the ECB in a dilemma
The growth of the companies Euro zone stalled this month as the manufacturing recession deepened, and previously resilient activity in services barely grew, leaving the European Central Bank before a dilemma of monetary politics. The HCOB Composite Purchasing Managers’ Index (PMI) of the 20 countries sharing the euro, compiled by S&P Global and considered a […]
Central Bank of Brazil leaves rates unchanged, but moderates its tone
He Central Bank of Brazil left Wednesday unchanged his interest rate of reference, for the seventh consecutive meeting, but adopted a more moderate message about its future steps by excluding from its statement of monetary politics the possibility of upcoming increases in the cost of credit. After more benign inflation data and progress in Congress […]
FED raises its reference rate by 0.25 points: US rates hit 2007 highs
The Federal Reserve (FED) The US announced this Wednesday a new rise in interest rates of 0.25 points, a quarter of a point, which places rates in a range of between 5 and 5.25%, as reported by the EFE agency . The increase, the tenth in the last year, is in line with what was […]
Julio Velarde: “We have to be sure that inflation is defeated to lower interest rates”
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarderecently said in an interview with Bloomberg that he is wary of the risk of easing monetary policy prematurely before inflationary pressures have subsided. “We have to be sure that inflation is defeated. The worst scenario for the central banker is to lower the […]
BCRP pauses bullish cycle and maintains the reference rate at 7.75%
It is the first interruption after 17 months of consecutive increases. Future adjustments will be conditional on inflation and the macroeconomic effects of recent social events, warns the monetary authority. The Board of Directors of the Central Reserve Bank of Peru (BCRP) agreed to keep the benchmark interest rate at 7.75%, after 17 months of […]