RIO DE JANEIRO, BRAZIL - The Central Reserve Bank of Peru (BCRP) raised the benchmark interest rate by 50 basis points to 3% this Thursday.
With this new increase, the interest rate has risen by 275 basis points in the last five months, after being fixed at 0.25% in the first half of 2021.
For this new increase, the Central Bank has taken into account that the twelve-month inflation rate is still above the target range (3%) by increasing from 5.66% in November to 6.43% in December, mainly due to the rise in food and fuel prices . . .
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