# Peru Raises Key Rate Most in 11 Years After Inflation Jump - Bloomberg

> Peru's central bank raised its benchmark rate by 50 basis points to 1%, the largest increase in about 11 years. The move followed inflation exceeding its target range and political turmoil.

- Date: 2021-09-09 · published 2021-09-09T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/45345-peru-raises-key-rate-most-in-11-years-after-inflation-jump-bloomberg
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Tighter Peruvian monetary policy aims to curb inflation and support the sol, but it has little direct effect on global feed commodity prices.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-09-09/peru-raises-interest-rate-most-in-11-years-after-inflation-miss

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