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Economy / Peru

Macroeconomic Forecast Peru

July 2012 | Macroeconomic Forecasts

BMI View: Consumer price inflation continued to come off the boil in May, coming in at 4.1% y-o-y, and we expect both supply- and demand-side price pressures to continue declining in coming quarters, in line with our end-2012 inflation forecast of 3.5%. Furthermore, though the May inflation reading remains outside of the central bank's target band of 1-3%, we maintain our view for the authorities to hold the benchmark rate at 4.25% for the duration of 2012 given concerns over global macroeconomic headwinds.

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