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

BY MT Newswires | ECONOMIC | 03/09/26 11:47 AM EDT

11:47 AM EDT, 03/09/2026 (MT Newswires) -- Peru's central bank (BCRP) has been on hold at a reference rate of 4.25% since last August, said Scotiabank.

It is likely to extend the hold at Thursday's policy meeting, noted the bank.

It may sound more cautious toward prospects for any further easing in a bit of a hawkish tilt, stated Scotiabank. Peru is a net importer of oil, such that the rise of oil prices in U.S. dollar terms, combined with currency weakness as the Sol (PEN) has depreciated by about 3% since the U.S. war with Iran broke out are likely to add upside risk to near-term inflation.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article