Economics
Peru’s Velarde Sees Faster Inflation, Keeps Rate Hikes on Table
- Central bank raises 2022 inflation estimate to 7.8% from 6.4%
- Economic growth estimates for both this year and next to 3%
Julio Velarde Flores
Photographer: Miguel Yovera/BloombergThis article is for subscribers only.
Peru’s central bank raised its inflation forecast for 2022 and 2023 while not ruling out additional interest rate increases depending upon incoming data.
Speaking at a news conference Friday in Lima, central bank chief Julio Velarde said the bank had raised its inflation estimate for 2022 to 7.8% from a previous 6.4% and for 2023 to 3% from 2.5%.