Velarde Opens Door to Peru Rate Cut as GDP Rebound Falters

Peru central bank President Julio Velarde opened the door to a fifth interest rate cut since 2013 as Finance Minister Alonso Segura reduced his forecast for economic growth this year.

Should inflation slow as forecast, the bank has room to ease monetary policy “though not that much because consumption remains vigorous,” Velarde said Thursday at the Bloomberg Peru Summit 2015 in Lima.