Datasets:

gtfintechlab
/

central_reserve_bank_of_peru

sentences stringlengths 31 644	stance_label stringclasses 4 values	time_label stringclasses 2 values	certain_label stringclasses 2 values	year int64 2k 2.02k	__index_level_0__ int64 1 999
these rises have a transitory impact on inflation	hawkish	not forward looking	certain	2,007	705
on the other hand, indicators of global economic activity confirm projections of a more moderate growth in the following quarters	neutral	forward looking	certain	2,010	921
inflation excluding food and energy showed a rate of 0.26 percent and an accumulated annual rate of 2.0 percent	neutral	not forward looking	certain	2,011	158
the board approved to initiate the procedures required to raise the maximum limit of investments abroad from 12.0 percent to 13.5 percent for private administrators of pension funds administradoras privadas de fondos de pensiones	dovish	forward looking	certain	2,007	654
the bcrp board considers that it is appropriate to maintain an expansionary monetary policy stance and pays close attention to new information on inflation and its determinants in assessing future changes in this stance	neutral	forward looking	certain	2,019	822
one-year ahead expected inflation was 1.6 percent in august	neutral	forward looking	certain	2,020	43
bcrp maintains the reference interest rate at 4.75 the board of the central reserve bank of peru bcrp approved to maintain the interbank reference rate at 4.75 percent, but expressed concerns that the rises in the international prices of fuel and in some inputs used in the production of food products might reflect in inflationary expectations	hawkish	not forward looking	certain	2,007	189
swap a commission equivalent to a minimum annual effective cost of 6.5 percent	hawkish	not forward looking	certain	2,008	869
in case that the interbank interest rate be higher than 3.75 percent, monetary regulation credits and direct repos will be charged with the market interbank interest rate	neutral	not forward looking	certain	2,005	987
the session in which the board will approve the following monthly monetary program july 2005 will be held on july 7th, lima june 2, 2005 -2	irrelevant	forward looking	certain	2,005	467
inflation in july showed a rate of 0.19 percent, as a result of which accumulated inflation in the last 12 months declined for the eighth consecutive month, falling within the target range	dovish	not forward looking	certain	2,009	257
year-on-year inflation fell from 5.0 percent in september to 4.3 percent in october, while core inflation decreased from 3.6 percent in september to 3.3 percent in october	dovish	not forward looking	certain	2,023	658
the rise in the prices of papaya, evaporated milk, and citrus fruits observed during the month were partially offset by a drop in the prices of poultry, onion, and sugar	neutral	not forward looking	certain	2,007	754
for overnight deposits, the rate is maintained at 2.25 percent	neutral	not forward looking	certain	2,005	632
most indicators of expectations for economic activity improved slightly in september, but remain in pessimistic territory	dovish	not forward looking	certain	2,021	426
year-on-year core inflation was 3.26 percent in february, above the upper limit of the target range	hawkish	not forward looking	certain	2,022	288
one-year-ahead expected inflation for 2022 increased from 3.73 percent to 3.75 percent, above the upper limit of the inflation target range	hawkish	not forward looking	certain	2,022	70
the monetary program for the following month will be approved on the board meeting to be held on june 11,	irrelevant	forward looking	certain	2,015	167
the board also decided to maintain the interest rates on bcrp off-auction credit and deposit operations in domestic currency with financial entities	neutral	not forward looking	certain	2,019	102
the board will approve the monetary program for november on its session of november the bcrp will publish its next inflation report on october 24, lima, october 9, 2008	irrelevant	forward looking	certain	2,008	250
the bcrp boards next monetary policy session will take place on february 13, lima, january 9,	irrelevant	forward looking	certain	2,020	832
the boards decision also takes into account that i inflation expectations have increased, reaching similar rates to the upper bank of the inflation target range, and ii international indicators show mixed signals of global economic recovery, as well as high volatility in external financial markets and foreign exchange markets	hawkish	not forward looking	certain	2,015	916
in 2008, the board will approve the monetary program for each month according to the following schedule january 10 february 7 march 13 april 10 may 8 june 12 july 10 august 7 september 11 october 9 november 13 december 11	irrelevant	forward looking	certain	2,007	763
recent indicators of inflation and activity reflect the following inflation in april showed a rate of -0.14 percent, as a result of which the yoy inflation rose from 0.36 percent in march to 0.48 percent in april	hawkish	not forward looking	certain	2,018	84
the bcrp stands ready to extend monetary stimulus using a range of instruments	dovish	forward looking	certain	2,020	295
rate bcrp maintained the policy interest rate at 4.25 the board of the central reserve bank of peru approved to maintain the monetary policy interest rate at 4.25 percent	neutral	not forward looking	certain	2,017	125
the bcrp board pays close attention to new information on inflation and its determinants to expand the monetary stimulus when appropriate	neutral	forward looking	certain	2,020	845
the board also approved to maintain the following annual interest rates on active and passive operations in domestic currency not included in auctions between the bcrp and the financial system as described below direct repo and rediscount operations 2.05 percent	neutral	not forward looking	certain	2,009	191
dollar swaps a fee equal to a minimum annual effective cost of 3.05 percent	neutral	not forward looking	certain	2,019	617
additionally, there is more volatility in the international financial markets, and global risks remain due to the effects of international conflicts, and lower growth rates in china	hawkish	forward looking	certain	2,023	64
expectations of inflation in 12 months continued declining and fell from 2.48 percent in november to 2.30 percent in december 2017; iii	dovish	forward looking	certain	2,018	709
these measures are in line with the increases of reserve requirements approved in january and march, as well as with having raised the reference interest rate from 4.5 to 5.25 percent between july 2007 and january the reserve requirement measures to be applied as of may will be the following the minimum reserve requirements will be raised from 8 to 8.5 percent	hawkish	not forward looking	certain	2,008	247
advanced indicators of economic activity show clear signs of a recovery of the dynamism of production, but no signals of inflationary pressures in the short term	dovish	not forward looking	certain	2,010	434
one-year-ahead expected inflation increased from 2.6 percent in june to 3.0 in july, upper limit of the inflation target range	hawkish	forward looking	certain	2,021	362
rate central bank will continue to evaluate any relevant macroeconomic information and take any necessary action in order to ensure that inflation remains within the target range in the medium term	neutral	forward looking	uncertain	2,006	215
the yield on these bonds was 6.83 percent at the close of the month	neutral	not forward looking	certain	2,007	879
in july the production of electricity grew 12.8 percent, imports of capital goods grew 30 percent, imports of inputs grew 35 percent, and imports of non-durable goods grew 31 percent, which reflects the strength of private consumption and private investment	hawkish	not forward looking	certain	2,010	985
in july, there were foreign exchange net sales in the spot market by us 493 million, while the stock of forward net sales of foreign currency dropped by us 249 million	neutral	not forward looking	certain	2,006	652
this decision takes into account the following factors inflation in december continued decreasing and showed a rate in the lower band of the inflation target range for the second consecutive year due mainly to the reversal of the supply shocks as well as due to a level of economic activity lower than the potential growth rate	dovish	not forward looking	certain	2,018	316
moreover, core inflation in may showed a rate of 0.33 percent and thus accumulated a of 3.77 percent in the last 12 months	hawkish	not forward looking	certain	2,012	489
the board of the central bank also approved to maintain the annual interest rates on lending and deposit operations in domestic currency not included in auctions between bcrp and the financial system, as specified below overnight deposits 2.00 percent	neutral	not forward looking	certain	2,017	89
in may, the said balance was 122 million, which fell within the announced range 120 130 million	neutral	not forward looking	certain	2,001	977
the board will approve the monetary program for the month of may on its meeting of may 10, lima, april 12, 2018	irrelevant	forward looking	certain	2,018	199
the monetary operations regarding injection or withdrawal of liquidity by means of auctions will be made in order to place the interbank interest rate in the center of this corridor of reference interest rates 2,50 percent	neutral	not forward looking	certain	2,004	277
business expectations indicators on gdp growth have deteriorated significantly	dovish	not forward looking	certain	2,020	878
the economy grows at a sustained rhythm, without inflationary pressures	neutral	not forward looking	certain	2,005	789
one-year ahead expected inflation as of july was 2.32 percent; primary industries show a weak performance as a result of temporary supply shocks, while non-primary industries show slowing growth momentum	dovish	forward looking	certain	2,019	408
bcrp lowered reference rate to 2.50 the board of directors of the central reserve bank of peru bcrp decided to cut the reference rate from 2.75 to 2.50 percent, thereby loosening the monetary policy stance, in light of the following developments year-on-year inflation and inflation trend indicators as of july were within the bcrps target range; ii	dovish	not forward looking	certain	2,019	865
year-on-year inflation is projected to continue its downward trend in the forecast horizon and will be within the target range in the coming months	dovish	forward looking	certain	2,024	148
moreover, trend inflation measurements continue decreasing and are expected to remain close to the middle of the target range during this year; ii	dovish	not forward looking	uncertain	2,018	894
annual inflation has continued to decline, in line with the forecasts of our september inflation report	dovish	not forward looking	certain	2,009	37
indicators of economic activity continue showing a strong dynamism	hawkish	forward looking	certain	2,010	776
one-year-ahead expected inflation decreased from 5.10 to 4.89 percent between august and september, above the upper limit of the inflation target range	hawkish	forward looking	certain	2,022	380
rate bcrp maintained reference rate at 0.25 the board of directors of the central reserve bank of peru bcrp decided to continue its expansionary policy stance, maintaining the reference rate at 0.25 percent and implementing liquidity injection operations, in light of the following developments year-on-year inflation increased from 2.45 percent in may to 3.25 percent in june being temporarily above the target range due to supply-side pressures	dovish	not forward looking	certain	2,021	851
it was also approved to raise the lending and deposit interest rates for the central bank operations for direct repos and monetary regulation credits, the rate raises to 4.00 percent	hawkish	not forward looking	certain	2,005	697
most indicators of business expectations improved in july and continue to be on the optimistic side	hawkish	not forward looking	certain	2,018	814
however, a slight temporary rise in year-on-year inflation is anticipated in the fourth quarter due to base effects	hawkish	forward looking	uncertain	2,024	904
likewise, the interest rates for the following operations in dollars between the central bank and the financial system are established as follows rediscount operations 1-month libor plus one percentage point	neutral	not forward looking	certain	2,006	252
this decision is based on the sustained reduction of annual inflation and on the continuous reduction of inflation expectations	dovish	not forward looking	certain	2,009	929
the risks regarding global and local economic activity have been accentuated by the impact of covid-19, and volatility in international financial markets has increased significantly	hawkish	not forward looking	certain	2,020	611
the following session of the monetary program will be held on march 10, lima - february 10, 2011	irrelevant	forward looking	certain	2,011	500
core inflation, which showed a rate of 0.19 percent, accumulated an annual growth of 2.1 percent and remains around the 2 percent target	neutral	not forward looking	certain	2,011	163
it is estimated that the operative target the average daily balance of the current accounts held by banks at the central bank to be taken as benchmark will be reached	neutral	forward looking	certain	2,001	280
the board will approve the monetary program for june on its session of june 13	irrelevant	forward looking	certain	2,013	942
the improve in the economic activity is explained by higher domestic demand and private investment	hawkish	not forward looking	certain	2,005	596
swap the commission is maintained at a level that implies a minimum annual effective cost of 5.25 percent	neutral	not forward looking	certain	2,006	604
the downward path of year-on-year inflation would begin in next july, as transitory pressures exchange rate and international fuel and grain prices begin to recede, with the economic activity still below its potential level	dovish	forward looking	certain	2,022	217
the board will approve the following monetary program for the month of march on its session to be held on march 8,	irrelevant	forward looking	certain	2,007	395
year-on-year inflation is projected to continue its downward trend and gradually converge towards the center of the target range in the coming months	neutral	forward looking	uncertain	2,024	997
this cost has been maintained at its current level since january 4, when it was reduced from 14 percent	dovish	not forward looking	certain	2,001	475
the board will approve the monetary program for march on its session of march 7,	irrelevant	forward looking	certain	2,013	203
both rates are expected to converge to 2.0 percent by the end of the year; ii expectations of inflation in 12 months have also continued to decrease within the inflation target range; iii the pace of growth of domestic economic activity continues to be below its potential growth level	dovish	forward looking	certain	2,017	850
the country risk indicator at the end of november was 158 bps., which represented an increase of 8 bps	hawkish	not forward looking	certain	2,006	963
in march, all expectation indicators were in the optimistic range	hawkish	not forward looking	certain	2,024	982
based on the current information available, this decision does not imply that the bcrp has initiated a sequence of cuts in the policy interest rate	neutral	not forward looking	uncertain	2,014	445
the board continues to oversee the projection of inflation and its determinants and stands ready to adopt future adjustments in monetary policy instruments on a prompt and timely basis the board also approved to maintain the annual interest rates on lending and deposit operations in domestic currency not included in auctions between the bcrp and the financial system, as described below overnight deposits 3.45 percent	neutral	not forward looking	certain	2,012	507
the reduction follows the trend in international interest rates along the year	dovish	not forward looking	certain	2,001	645
inflation in october showed a rate of 0.12 percent as a result of the decline of the prices of some foodstuffs	dovish	not forward looking	certain	2,009	196
this decision does not necessarily imply additional reductions in the policy rate	neutral	not forward looking	certain	2,019	708
reserve requirements in foreign currency subject to remuneration 2.75 percent anually	neutral	not forward looking	certain	2,006	785
the board of the central bank approved to raise the reference interest for the interbank market from 3.75 percent to 4.00 percent	hawkish	not forward looking	certain	2,006	423
thus, based on the expected pace of growth of economic activity, inflation expectations in line with the inflation target, and a moderate evolution of imported inflation, inflation is expected to converge to a rate of 2 percent	neutral	forward looking	uncertain	2,007	683
in march the production of electricity grew 9.2 percent.	hawkish	not forward looking	certain	2,011	415
the board of the central bank also approved to lower the annual interest rates on lending and deposit operations in domestic currency not included in auctions between bcrp and the financial system, as specified below overnight deposits 1.75 percent	dovish	not forward looking	certain	2,018	895
last 12-month inflation in the first months of 2007 should transitorily be below the lower band of the inflation target 1.0 percent	dovish	not forward looking	certain	2,007	693
the board has been adopting measures since april with the aim of making the reserve requirements regime more flexible in order to foster a more orderly evolution of credit and promote increased financing sources in soles	dovish	not forward looking	certain	2,013	993
this decision takes into account the following factors in november, the yoy inflation rate and trend inflation indicators showed levels within the inflation target range; ii	neutral	not forward looking	certain	2,018	781
the board of the central bank also approved to maintain the annual interest rates on lending and deposit operations in domestic currency not included in auctions between bcrp and the financial system, as specified below overnight deposits 2.25 percent	neutral	not forward looking	certain	2,017	400
the board also decided to raise the following interest rates on its window facility operations in domestic currency with financial entities overnight deposits 1.35 percent per year	hawkish	not forward looking	certain	2,021	132
in case the market interbank interest rate be higher than 3,25 percent, monetary regulation credits and direct repos will be charged with the market interbank interest rate	neutral	forward looking	certain	2,004	55
in this month, the inflation rate expected for 2016 was 3.5 percent, while the rate expected for 2017 is estimated to range between 2.8 and 3.3 percent	dovish	forward looking	uncertain	2,016	981
economic activity has been recovering gradually	neutral	not forward looking	certain	2,015	847
inflation in the last 12 months rose from 2.31 percent in april to 2.46 percent in may	neutral	not forward looking	certain	2,013	193
reference interest rate is kept at 2,50 in april the consumer price index of metropolitan lima cpi decreased 0.02 percent	dovish	not forward looking	certain	2,004	696
affected by transitory factors, inflation in september recorded a monthly rate of 0.33 percent and an annual rate of 3.73 percent	neutral	not forward looking	certain	2,011	431
the decision to reduce the reference rate considered the following information and projections in october, monthly inflation was -0.09 percent and core inflation was 0.08 percent	neutral	not forward looking	certain	2,024	620
for january, the estimated range for commercial banks current account balances held at the central bank is 170 million to 190 million, on a daily basis	neutral	not forward looking	certain	2,004	660
indicators of business expectations continue to be on the optimistic side, although they showed lower levels than in the previous month	neutral	not forward looking	certain	2,018	388
in this context, the board stands ready to anticipate the eventual impact on prices of a very high expansion of internal spending in a 12-18 horizon through the withdrawal of monetary stimulus	hawkish	forward looking	certain	2,007	177
the bcrp boards next monetary policy session will take place on june 13, lima, may 9,	irrelevant	forward looking	certain	2,024	859

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Dataset Summary

For dataset summary, please refer to https://huggingface.co/datasets/gtfintechlab/central_reserve_bank_of_peru

Additional Information

This dataset is annotated across three different tasks: Stance Detection, Temporal Classification, and Uncertainty Estimation. The tasks have four, two, and two unique labels, respectively. This dataset contains 1,000 sentences taken from the meeting minutes of the Central Reserve Bank of Peru.

Label Interpretation

Stance Detection

Hawkish: The sentence supports contractionary monetary policy.
Dovish: The sentence supports expansionary monetary policy.
Neutral: The sentence contains neither hawkish or dovish sentiment, or both hawkish and dovish sentiment.
Irrelevant: The sentence is not related to monetary policy.

Temporal Classification

Forward-looking: The sentence discusses future economic events or decisions.
Not Forward-looking: The sentence discusses past or current economic events or decisions.

Uncertainty Estimation

Certain: Indicates that the sentence presents information definitively.
Uncertain: Indicates that the sentence presents information with speculation, possibility, or doubt.

Licensing Information

The central_reserve_bank_of_peru dataset is licensed under the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International. More information in the paper.

Citation Information

@article{WCBShahSukhaniPardawala,
  title={Words That Unite The World: A Unified Framework for Deciphering Global Central Bank Communications},
  author={Agam Shah, Siddhant Sukhani, Huzaifa Pardawala et al.},
  year={2025}
}