Scotiabank Previews This Week's Policy Meeting at Peru's Central Bank
BY MT Newswires | ECONOMIC | 11/11/25 12:03 PM EST12:03 PM EST, 11/11/2025 (MT Newswires) -- Peru's central bank (BCRP) is widely expected to leave its reference rate unchanged at 4.25% on Thursday, said Scotiabank.
BCRP delivered a hold message at its last meeting and has been backed by solid economic activity and business optimism, noted the bank.
BCRP has been trying to fight currency strength that dates back to March/April by buying US dollar (USD) and selling sol (PEN) in the spot market, stated Scotiabank. The currency's rise may add downside to already low inflation of 1.4% year over year.
At risk is whether the central bank seeks to weaken the currency with a surprise rate cut, added Scotiabank.
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