Peru may raise rates to fight inflation-cenbank
LIMA, March 3 |
LIMA, March 3 (Reuters) - Peru's Central Bank could raise its benchmark interest rate "timidly" if it sees inflation creeping up and strong economic growth, the bank's president said on Wednesday.
"If we start removing (the monetary stimulus), the first hike will likely be small," Central Bank president Julio Velarde told reporters, adding that the increase could be of around 0.25 base points.
Peru's benchmark interest rate currently stands at 1.25 percent. (Reporting by Teresa Cespedes; Writing by Luis Andres Henao)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters