(Bloomberg) -- Peru surprised economists by cutting interest rates while congress passed a bill allowing workers to withdraw $7 billion from pension funds as...
-- Peru surprised economists by cutting interest rates while congress passed a bill allowing workers to withdraw $7 billion from pension funds as lawmakers and central bankers try to jumpstart a moribund economy.Russian Attacks on Ukraine Stoke Fears Army Near Breaking Point
Some of it has already been priced in as the Lima Stock Exchange has plummeted since March 25, when the bill initially passed at the committee level.The bank downplayed concerns about persistent price pressures, saying that faster-than-expected March inflation had been “transitory.” Boluarte survived two impeachment attempts this month over the scandal, and said in an address to the nation that the watches were a loan from an ally.Annual inflation has slowed significantly from a high of almost 9% in mid-2022 to 3.05% last month. Peru targets inflation of 2%, plus or minus one percentage point.
Pension Funds Peru Pension Fund Central Bankers
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Peru Unexpectedly Cuts Interest Rate as Inflation Nears Target BandPeru surprised economists by cutting interest rates to a 20-month low as inflation slows to near the top of its target band.
Read more »
Sri Lanka unexpectedly cuts policy rates by 50 bps to spur growthExplore stories from Atlantic Canada.
Read more »
Turkey’s central bank unexpectedly raises key interest rate by 500 basis points to 50%The hawkish surprise sent the Turkish lira rallying 0.6% to 32.2 against the dollar after weeks of steady declines
Read more »
Interest rate cuts should favor gold and Calibre Mining announces $100 million financingThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Colombia Central Bank to Double Pace of Interest Rate Cuts as Inflation SlowsColombia’s central bank will likely cut its interest rate by a half-point, doubling the pace of monetary easing as inflation slows further and the economy struggles with lackluster growth.
Read more »
Bank of England Governor Optimistic about UK Economy and Interest Rate CutsBank of England Governor Andrew Bailey has stated that expectations of interest rate cuts this year are not unreasonable. He expressed optimism about the UK economy and mentioned that recent signs indicate a decrease in inflation.
Read more »