Central Bank of Perú raises the interest rate from 3,50% to 3,75%

 March 2011
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               Regional Economics Perspectives
  
  
Dear  ,
 
 
The Board of Central Bank Reserve of Peru approved to raise the reference interest rate of the currency policy from 3,50 percent to  3,75 percent.
 
The raising of reference rate is as preventive character in an increasing framework of international prices of food and energy.
 
This measure searches to lessen the impact potential of these supply factors over the inflation prospects, in a  dynamism framework of internal demand. Future settlements in the reference interest rate will be conditioned to the new data about the inflation and its determinants.
 
The present and advanced  indexes of activity continues displaying a fast growth of economic activity. In February, the power production  increased to 10,1 percent. By the other side, the indexes of worldwide economic activity became more favourable, although there are some risks related to the fiscal situation in some developed countries and the crisis in the Middle East and in Northern of Africa.
 
 In February, the inflation was 0,38 percent, placing the annual inflation rate to 2,23 percent. The underlying inflation was 0,21 percent, accumulating an annual variation of 2,14 percent, maintaining around of the aim of 2 percent. The inflation excluding food and energy was 0,17 percent accumulating an annual variation of 1,57 percent.
 
These results will point that inflation in February is explained mainly by supply factors.
 
The following session of currency program will be on April 7th 2011.
 
 
Kindest Regards,
 

 
Juan Isaac Rodriguez Gutierrez 
Marketing Manager  
  
"Your Business success, Our Greatest satisfaction".
 
 
 
 
 
 
 
 
*Sources:
 
Central Bank of Perú