# Peru | The Central Bank will keep a highly expansive policy stance for a prolonged period | BBVA Research

> Peru's central bank kept its monetary policy rate at 0.25% in May and committed to maintaining its current stance as long as COVID-19's negative effects persist. It also highlighted longer-term repo operations of up to three years and PEN 25.4 billion auctioned so far under the Reactiva Peru program.

- Date: 2020-05-08 · published 2020-05-08T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/53418-peru-the-central-bank-will-keep-a-highly-expansive-policy-stance-for-a
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

A prolonged ultra-loose policy and liquidity support tends to weigh on the sol, which can make Peruvian-linked feed inputs more expensive in local currency terms. The effect on global feed prices is limited.

## Read by commodity

- USDPEN: bullish ▲

## Sources

- bbvaresearch.com: https://www.bbvaresearch.com/en/publicaciones/peru-the-central-bank-will-keep-a-highly-expansive-policy-stance-for-a-prolonged-period/

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