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Showing posts with label Peru’s central bank. Show all posts
Showing posts with label Peru’s central bank. Show all posts

Tuesday, April 3, 2012

Thursday, July 7, 2011

Peru May Hold 4.25% Rate for Second Month as GDP Slows Over Humala Concern

Peru’s central bank will probably keep its benchmark lending rate unchanged for a second month as inflation and economic growth slow on concern President-elect Ollanta Humala’s policies may damp investment in Latin America’s sixth-biggest economy.

The seven-member board will keep the overnight rate at 4.25 percent today, according to 16 of 17 economists surveyed by Bloomberg, after unexpectedly holding the rate unchanged at last month’s meeting for the first time this year. One analyst predicts a quarter-point increase to 4.50 percent. The board will announce its decision at about 7 p.m. New York time.