# Peru cuts rates, but policy tightening on the horizon | Capital Economics

> Peru's central bank cut its policy rate by 25 basis points to 2.75%, and its statement left the door open for one more cut in the easing cycle. Capital Economics expects attention to shift quickly toward policy tightening, with the policy rate ending 2018 higher than its current level.

- Date: 2018-03-09 · published 2018-03-09T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/66277-peru-cuts-rates-but-policy-tightening-on-the-horizon-capital-economics
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Monetary policy in Peru is a macro driver for the sol, which affects local feed and fishmeal costs and export competitiveness. A shift toward tightening could firm the currency, modestly affecting Peruvian fishmeal pricing.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- capitaleconomics.com: https://www.capitaleconomics.com/clients/publications/latin-america-economics/latin-america-update/peru-cuts-rates-but-policy-tightening-on-the-horizon

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