# Peru | BCRP resumes normalization of the policy rate, bringing it closer to neutral | BBVA Research

> The Central Bank of Peru cut its policy rate by 25 basis points to 5.00% at its November meeting, the first step in resuming normalization. The real policy rate now stands at 2.55%, still above neutral, and inflation is expected to stay near the target centre.

- Date: 2024-11-08 · published 2024-11-08T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/27678-peru-bcrp-resumes-normalization-of-the-policy-rate-bringing-it-closer-to
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Lower Peruvian rates modestly weaken the sol and can support fishmeal export competitiveness, though the effect on global feed prices is limited.

## Read by commodity

- USDPEN: bearish ▼
- FISHMEAL: neutral

## Sources

- bbvaresearch.com: https://www.bbvaresearch.com/en/publicaciones/peru-bcrp-resumes-normalization-of-the-policy-rate-bringing-it-closer-to-neutral/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.