Private sector liquidity —including money supply plus deposits— increased from an annual rate of 9.3% in October to 10.4% in November this year, the highest rate since August 2018,
Central Reserve Bank of Peru (BCR) has reported.
The issuing entity remarked that the annual growth rate of deposits rose from 10.1% in October to 10.8% in November, and that of money supply went from 5.3% to 7% in the same period.
BCR stated that demand deposits registered an annual expansion of 14.2% in November, compared to 11.9% in October.
On the other hand, savings deposits increased from an annual rate of 7.9% in October to 9.5% in November, while Service Time Compensation (CTS) deposits went from 4.8% to 17% in the same period.
Moreover, term deposits grew 7.2% in November after posting a 12% gain in October.
Finally, liquidity in domestic currency (Peruvian sol) grew from an annual rate of 11.3% in November to 10.3% in October, whereas liquidity in foreign currency (U.S. dollar) increased from 7.3% to 8.4% in the respective months.
(END) CNA/RMB
Published: 12/26/2019