Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Central Reserve Bank of"


4 mentions found


A worker walks pasts the logo of the Central Reserve Bank of Peru (BCRP) inside its headquarters building in Lima, Peru June 16, 2017. The bank's third consecutive cut comes as the rate of rising consumer prices has been coming down. But the latest decision to cut rates does not necessarily imply a cycle of successive rate reductions, the monetary authority said in a statement. It added that future adjustments to the key lending rate "will be conditioned on new information on inflation and its determinants." Earlier on Thursday, Peru's government announced a package of measures aimed at boosting investments in the country's critical mining sector.
Persons: Mariana Bazo, El, Peru's, Alex Contreras, Marco Aquino, David Alire Garcia, Matthew Lewis Organizations: Central Reserve Bank of, REUTERS, Rights, El Nino, Thomson Locations: Central Reserve Bank of Peru, Lima , Peru, Lima
Peru's central bank cuts benchmark interest rate to 7.5%
  + stars: | 2023-09-14 | by ( ) www.reuters.com   time to read: +1 min
A worker walks pasts the logo of the Central Reserve Bank of Peru (BCRP) inside its headquarters building in Lima, Peru June 16, 2017. REUTERS/Mariana Bazo/File Photo Acquire Licensing RightsSept 14 (Reuters) - Peru's central bank on Thursday cut its benchmark interest rate by 25 basis points to 7.5% after holding the rate steady for eight straight months, as the monetary authority in the Andean nation sees inflation easing. The central bank first held the rate steady in February following an aggressive series of hikes that began in August 2021. Despite inflation easing, the bank said on Thursday that its decision does not necessarily imply a cycle of successive reductions in the interest rate. Peru's annual inflation rate in August slowed to 5.58%, the lowest since September 2021.
Persons: Mariana Bazo, Carolina Pulice, Brendan O'Boyle Organizations: Central Reserve Bank of, REUTERS, Thomson Locations: Central Reserve Bank of Peru, Lima , Peru, Peru, Chile, Brazil, Uruguay, Lincoln
India started exploring a rupee settlement mechanism with Russia soon the invasion of Ukraine in February last year, but there has been no reported deal done in rupees. "We don't want to push rupee settlement any more, that mechanism is just not working. Another official said both countries have started looking for alternatives after the rupee settlement mechanism did not work out but did not give details. Reuters GraphicsTRADE ON TRACKThe sources said trade with Russia has been continuing despite sanctions and payment issues. So payments are being made to a third country which route it or offset it for their trade with Russia," the other official said.
India started exploring a rupee settlement mechanism with Russia soon the invasion of Ukraine in February last year, but there has been no reported deal done in rupees. "We don't want to push rupee settlement any more, that mechanism is just not working. Another official said both countries have started looking for alternatives after the rupee settlement mechanism did not work out but did not give details. Reuters GraphicsTRADE ON TRACKThe sources said trade with Russia has been continuing despite sanctions and payment issues. So payments are being made to a third country which route it or offset it for their trade with Russia," the other official said.
Total: 4