Peru: BCR maintains reference rate at 2.75%

13:26 | Lima, Nov. 9.

The Board of Directors of Peru's Central Reserve Bank (BCR) agreed to maintain the reference rate at 2.75% since the year-on-year inflation rate and trend inflation indicators remained within the target range in October 2018.

Also, the expected year-on-year inflation rate stood at 2.4% in the analyzed month.

Additionally, some economic activity indicators showed temporary signs of lower dynamism in the third quarter, and the activity remained below its potential growth level.

Furthermore, BCR detects a higher risk in the global economic activity, as well as higher financial volatility due to recent trade tensions and uncertainty in international markets.

On the other hand, the financial entity projects the interannual inflation rate will remain within the target range and around 2%.

(END) JJN/DTK/MVB

Publicado: 9/11/2018