{"id":52711,"date":"2014-06-12T20:03:11","date_gmt":"2014-06-13T00:03:11","guid":{"rendered":"http:\/\/countingpips.com\/?p=52711"},"modified":"2014-06-12T20:03:11","modified_gmt":"2014-06-13T00:03:11","slug":"peru-holds-rate-sees-inflation-declining","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/06\/peru-holds-rate-sees-inflation-declining\/","title":{"rendered":"Peru holds rate, sees inflation declining"},"content":{"rendered":"<div id=\"inves-3749853104\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 12, 2014<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/ift.tt\/1iP0FNb\"><u>CentralBankNews.info<\/u><\/a><br \/>\n&nbsp; &nbsp; Peru&#8217;s central bank maintained it monetary reference rate at 4.0 percent, saying this rate is compatible with inflation that will converge to the bank&#8217;s target range in 2014 and to 2.0 percent in 2015.<br \/>&nbsp; &nbsp; The Central Bank of Peru (BCRP), which cut its rate by 25 basis points in November 2013 in what it described as a preventative move, said inflation is forecast to remain near the upper limit of the bank&#8217;s target range due to the lingering effects of supply shocks before trending toward 2.0 percent.<br \/>&nbsp; &nbsp; The central bank targets inflation at a 2.0 percent midpoint within a one percentage point tolerance band on either side.<br \/>&nbsp; &nbsp; Peru&#8217;s inflation rate rose marginally to 3.56 percent in May from 3.52 percent. Excluding food and energy, inflation was 2.82 percent, the bank said.<br \/>&nbsp; &nbsp; The central bank said leading indicators showed a temporary weakening of economic activity, with Gross Domestic Product growth less than its potential, mainly due to slower growth in investment and exports.<br \/>&nbsp; &nbsp; In the first quarter of this year, Peru&#8217;s GDP expanded by an annual 4.8 percent, down from 6.9 percent.<br \/>&nbsp; &nbsp;<br \/>&nbsp; &nbsp; <a href=\"http:\/\/ift.tt\/1iP0FNb\">http:\/\/ift.tt\/1iP0FNb<\/a><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By CentralBankNews.info &nbsp; &nbsp; Peru&#8217;s central bank maintained it monetary reference rate at 4.0 percent, saying this rate is compatible with inflation that will converge to the bank&#8217;s target range in 2014 and to 2.0 percent in 2015.&nbsp; &nbsp; The Central Bank of Peru (BCRP), which cut its rate by 25 basis points in November [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-52711","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/52711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=52711"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/52711\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=52711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=52711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=52711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}