Peru cuts rates by 25bp for second successive month

Central Reserve Bank of Peru

Peru’s central bank yesterday (September 12) cut its policy rate by 25 basis points to 5.25%.

In a statement, the Central Reserve Bank of Peru (BCRP) said year-on-year headline inflation had fallen from 2.1% in July to 2% in August. It said year-on-year core inflation had fallen from 3% to 2.8% over the same period.

The bank’s board of directors said it expected headline inflation to stay within the target range of 1–3% and core inflation to “follow a decreasing trend” over the two-year forecast

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