Archive

April 12, 2024
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Korea Policy Rate 3.5% (consensus 3.5%) in Apr-24

  • The Bank of Korea has maintained the Policy Rate at 3.5%, aligning with the economic consensus in response to ongoing global uncertainties, notably the varied monetary policies of major economies and geopolitical risks.
  • Inflation dynamics influenced by volatile commodity prices alongside a slowing core inflation rate dictate a cautious monetary policy to stabilize mid-term inflation expectations.
  • Financial stability remains a priority, with the central bank monitoring household debt and real estate market risks alongside global financial market fluctuations to guide future interest rate decisions amidst uncertain economic conditions.
April 11, 2024
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Peru Policy Interest Rate 6.0% (consensus 6.25%) in Apr-24

  • The BCRP unexpectedly reduced the policy rate to 6.0% despite market expectations for no change after March’s inflation spike, which the BCRP considers transitory amid ongoing declines in year-on-year inflation rates.
  • Future policy decisions will hinge on inflationary trends and global economic conditions, ensuring the bank remains agile in its monetary policy approach.
  • The bank’s readiness to adjust its policy stance in response to evolving economic data underscores a commitment to achieving its inflation target while managing potential external risks and financial market volatilities.

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