• Lower-than-expected July CPI data once again leaves annual inflation close to the BCRP’s target rate of 2.0%. Combining this with the dovish Fed re-pricing in recent weeks, risks appear tilted towards the central bank committee restarting policy easing, with a further 25bp cut of the reference rate to 5.50% (0000BST/1900ET).
  • Despite this, a majority of analysts expect the central bank to extend the pause, given the persistence of core inflation marginally above the target range, while leaving the door open to rate cuts in the coming meetings.
    • The full MNI preview with analyst views is here.

PERU: BCRP Interest Rate Decision Due Today

Last updated at:Aug-08 11:10By: Keith Gyles
  • Lower-than-expected July CPI data once again leaves annual inflation close to the BCRP’s target rate of 2.0%. Combining this with the dovish Fed re-pricing in recent weeks, risks appear tilted towards the central bank committee restarting policy easing, with a further 25bp cut of the reference rate to 5.50% (0000BST/1900ET).
  • Despite this, a majority of analysts expect the central bank to extend the pause, given the persistence of core inflation marginally above the target range, while leaving the door open to rate cuts in the coming meetings.
    • The full MNI preview with analyst views is here.

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