Peru’s central bank holds rates as inflation picks up – Central Banking
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BCRP says bad weather, domestic gas shock and fallout from Middle East conflict will push up prices
The Central Reserve Bank of Peru
Peru’s central bank has left its key interest rate unchanged at 4.25%.
In a statement on March 12, the Central Reserve Bank of Peru (BCRP) said a domestic gas crisis, bad weather and rising global energy prices would push inflation above 2% in the near term. Annual inflation rose to 2.2% in February, up from 1.7% in January – the first time in more than a year that the figure had gone above the midpoint of the bank’s 1–3% target range. Core inflation increased from 2% to 2.2% in the same period
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