The directory ofl Central Reserve Bank (BCR) agreed to maintain the reference interest rate by 4.75% and clarified that future adjustments in the reference rate will be conditioned to the new information about inflation and its determinants.
This result is explained, among other things, because the monthly inflation rate in January was -0.09%, mainly due to gradual normalization in the conditions of supply of some foods and the reversal of seasonal factors in transport services.
“It is projected that interannual inflation approaches the following months to the lower limit of the target range, as the process of reversion of supply factors continues, to later return to levels close to the center of said range,” said the BCR.
Similarly, he said that in January, most of the activity expectations indicators were recovered and remained in the optimistic section, as in recent months, under conditions in which economic activity is located around its potential level .
“The Board of Directors is especially attentive to the new information referring to inflation and its determinants, including the evolution of underlying inflation, inflation expectations and economic activity, to consider, if necessary, additional modifications in the position of the Monetary policy, “he said.
What is the reference interest rate?
According to BCR data, this is the rate that the monetary entity sets with “the purpose of establishing a level of reference interest rate for interbank operations, which has effects on the operations of financial entities with the public” .
In this regard, according to AFP Habitat information, when the BCR reduces the indicator, it can be beneficial for those who seek to obtain credits, because financial entities also tend to reduce the interests of loans.
Take advantage of the new experience, receive by WhatsApp our enriched digital newspaper. Peru21 Epaper.
Now available in Yape! Find us in Yape Promos.
Recommended video
