Peru’s central bank expected to tighten policy – BBH

FXStreet (Edinburgh) - In the view of the research team at BBH, the central bank of Peru is seen hiking rates by 25 bp at its meeting on Thursday.

Key Quotes

“Peru’s central bank meets Thursday and is expected to hike rates 25 bp to 3.75%. The last move was a 25 bp hike to 3.5% back in September”.

“The bank has signaled a cautious pace of tightening, but the 25 bp per quarter may have to be accelerated after CPI rose sharply to 4.2% y/y in November, furthest above the 1-3% target range for this cycle”.