Peru | Inflation surprised downwards and should tend to moderate from now on

CPI rose 0,60%MoM in March due to seasonal factors and weather anomalies. With this result, the YoY inflation rate went down from 4,5% in February to 4,3%. We estimate that it has already peaked in the first quarter. This should give the central bank room to keep unchanged its policy rate in the coming months if expected inflation also moderates from now on.

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