# Latam Daily: BCRP Preview; Unchanged Rate but Change in Tone? | Post

> Scotiabank previews the Peruvian central bank (BCRP) decision, where the reference rate is expected to stay at 7.75%. The bank says weak economic performance may prompt a more cautious tone that raises the odds of a Q3 rate cut. US yields fell after softer inflation data, and the USD weakened broadly.

- Date: 2023-07-13 · published 2023-07-13T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/35331-latam-daily-bcrp-preview-unchanged-rate-but-change-in-tone-post
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A possible shift toward rate cuts in Peru could weaken the sol, while the broader USD move affects dollar-denominated commodity prices. The effect on feed commodities is indirect and modest.

## Read by commodity

- DXY: bearish ▼
- USDPEN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-01-30 | [Fed leaves rates unchanged](https://feedsoft.ai/events/61003-fed-leaves-rates-unchanged.md) | +0.0% | +0.2% |
| DXY | 2024-09-27 | [Lowest KRW-USD Exchange Rate in 6 Months... How Far Will It Fall? - The Asia Business Daily](https://feedsoft.ai/events/28546-lowest-krw-usd-exchange-rate-in-6-months-how-far-will-it-fall-the-asia-business.md) | +0.9% | +2.9% |
| DXY | 2026-07-29 | [Dollar Falls to One-Week Low After Fed Keeps Interest Rates Unchanged - Bloomberg](https://feedsoft.ai/events/8419-dollar-falls-to-one-week-low-after-fed-keeps-interest-rates-unchanged-bloomberg.md) | -0.9% | -2.0% |
| DXY | 2024-01-10 | [Exchange rate to ease in 2024](https://feedsoft.ai/events/32424-exchange-rate-to-ease-in-2024.md) | +1.1% | +1.0% |
| DXY | 2024-05-16 | [Revived US September Rate Cut Expectations... Exchange Rate Opens at 1350 Won Level (Update) - The Asia Business Daily](https://feedsoft.ai/events/30501-revived-us-september-rate-cut-expectations-exchange-rate-opens-at-1350-won.md) | +0.2% | +2.2% |

## Sources

- scotiabank.com: https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.daily-publications.latam-daily.latam-daily.2023-issues.-july-13-2023-.html

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