Peru Central Bank Hikes Rate After 14-Month Hold as Inflation Exceeds Target

The Central Reserve Bank of Peru (BCRP) raised its reference rate for the first time in 14 months, responding to Lima inflation of 5.25% in October and 12-month expectations above the target range. The move signals a tightening bias and raises concerns about slower consumption and investment, though the magnitude of the hike and forward guidance remain unspecified.

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