Peru Rate Seen on Hold

Peru’s central bank is expected to keep its rate at 3.00% today. “The central bank is likely to take comfort in the near term from benign inflation data and slowing economic growth to keep rates on hold,” says Morgan Stanley. Barclays agrees and adds that a hike could take place in March, depending on inflationary conditions. Annual inflation in December came in at 2.08%, at the midpoint of the target range, according to the central bank.