Peru keeps reference interest rate unchanged at 2.75%

12:24 | Lima, Jul. 13.

The Board of Directors of Peru's Central Reserve Bank (BCR) agreed to maintain its reference rate at 2.75% after having assessed several economic factors.

According to the financial entity, the year-on-year inflation rate remained within the target range in June 2018. Likewise, the monthly inflation partly reflected the increase in excise taxes.

On the other hand, inflation indicators rose compared to those recorded last May and remained close to the center of the target range.

Also, the year-on-year expected inflation rate stood at 2.28% in the analyzed month.

The economic activity's indicators show clear signs of dynamism, although national GDP's growth rate is still below its potential.

It must be noted recent trade tensions may pose a greater risk to the global economic activity, as well as generate increased financial volatility.

(END) JAA/MVB

Published: 7/13/2018

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Peru keeps reference interest rate unchanged at 2.75%

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