- Peru’s central bank is expected to raise its benchmark rate by a quarter-point to 4.5% on Wednesday, according to a Bloomberg survey of analysts.
- Nine of 13 analysts expect the hike, while four forecast no change.
- Inflation remains above target and heavy rains threaten food prices, motivating the first increase since 2023.
Quotes
“Nine of 13 analysts surveyed by Bloomberg expect the board, led by veteran Governor Julio Velarde, to raise borrowing costs by a quarter-point to 4.5%.”