• TRM (USD/COP)COP 3,301.91 +0.15% +COP 4.84Colombia's official exchange rate (Financial Superintendence), valid Nov 13 to Nov 13
  • EuroCOP 3,658.83 -0.27% -COP 9.84Reference: TRM crossed with the European Central Bank rate of Nov 12; not the market quote
  • Mexican pesoCOP 176.66 -0.02% -COP 0.04Reference: TRM crossed with the European Central Bank rate of Nov 12; not the market quote
Quilla NewsFinance & Technology
ENES

Peru's BCRP ends pause and raises its benchmark rate to 4.50%

FinanceInternationalGestiónAI summary
Image: Gestión

Peru's central bank board raised its benchmark interest rate to 4.50% in November, after 14 months at 4.25%. The BCRP said monthly inflation was 0.57% in October and annual inflation rose from 4.5% in September to 5.3%, driven by food and energy prices. Inflation excluding food, energy and transport stood at 2%, at the center of the target range. The bank warned the decision does not necessarily mark the start of a cycle of successive hikes.

In 35 seconds

  • The BCRP raised its benchmark rate from 4.25% to 4.50% after 14 months unchanged.
  • Annual inflation rose from 4.5% in September to 5.3% in October, driven by food and energy.
  • Inflation excluding food, energy and transport was 2%, at the center of the target range.
Read the full story at Gestión

IASummary generated by artificial intelligence from a story by Gestión. It may contain errors: the original source prevails.

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