# UPDATE 1-IMF commends Peru for decisive response to high inflation | Kitco News

> The IMF commended Peruvian authorities for decisively addressing high inflation and advised continued flexible, well-communicated monetary policy. The fund expects inflation to return to the central bank's target range by the end of 2023 or early 2024, and it called Peru's fiscal stance appropriate.

- Date: 2023-03-24 · published 2023-03-24T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/37172-update-1-imf-commends-peru-for-decisive-response-to-high-inflation-kitco-news
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Expected disinflation and a stable sol support Peru's economic outlook and import capacity, with limited direct effect on feed commodity prices.

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-03-24/update-1-imf-commends-peru-decisive-response-high-inflation

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