Scotiabank Previews This Week's Policy Meeting at Peru Central Bank

BY MT Newswires | ECONOMIC | 08/11/25 11:28 AM EDT

11:28 AM EDT, 08/11/2025 (MT Newswires) -- Peru's central bank (BCRP) is due to announce a third consecutive rate hold on Thursday as soft inflation -- due to accelerate a touch in H2 -- is offset by solid economic fundamentals to leave officials with little reason to cut, said Scotiabank.

However, "never write off" a BCRP surprise, noted the bank.

Macro conditions suggest the Peruvian economy is likely exceeding its growth potential, with no evident headwinds from tariff risks and seemingly completely desensitized to the "now usual" political noise -- and not too concerned with next April's elections, stated Scotiabank.

"It's steady as she goes at 4.50% over the forecast horizon to 2026," added the bank.

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