# Peru leaves rates on hold, but one more cut still likely | Capital Economics

> Peru's central bank left its policy rate unchanged at its February meeting. Capital Economics still expects one more rate cut. The page text provided contains no further detail.

- Date: 2018-02-09 · published 2018-02-09T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/66770-peru-leaves-rates-on-hold-but-one-more-cut-still-likely-capital-economics
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

A rate cut would tend to weaken the sol against the dollar, which can make Peruvian export commodities such as fishmeal cheaper in dollar terms. The effect on feed prices is modest.

## Read by commodity

- USDPEN: bullish ▲
- FISHMEAL: neutral

## Sources

- capitaleconomics.com: https://www.capitaleconomics.com/clients/publications/latin-america-economics/latin-america-update/peru-leaves-rates-on-hold-but-one-more-cut-still-likely

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