Datasets:
gtfintechlab
/
central_reserve_bank_of_peru

Dataset card Data Studio Files
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Community
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999
considering this liquidity level, the interbank interest rate was 3,8 percent
neutral
not forward looking
certain
2,003
134
the board will approve the monetary program for may on its meeting of may 8,
irrelevant
forward looking
certain
2,014
522
formerly, it considered the maximum between the top-decile of interbank interest rates and the benchmark for monetary operations
neutral
not forward looking
certain
2,001
422
core inflation was 0.22 percent
neutral
not forward looking
certain
2,004
239
economic activity is showing a faster pace of growth as a result of increased public and private expenditure, although it continues to be below its potential growth level, and iv
neutral
not forward looking
certain
2,017
996
global economic activity is improving, although at a slower pace due to new covid-19 outbreaks, the emergence of new variants, and bottlenecks in global supply of goods and services
dovish
not forward looking
certain
2,022
146
inflation in may recorded a rate of -0.42 percent due to the significant reversal of increases in the prices of some foodstuffs, as a result of which the year-to-year rate of inflation fell for the second consecutive month, from 3.69 percent in april to 3.04 percent in may
dovish
not forward looking
certain
2,017
218
this decision takes into account the following developments year-on-year inflation increased from 8.45 percent in november to 8.46 percent in december, due to higher prices for locally produced food, while core inflation decreased from 5.71 percent in november to 5.59 percent in december, both above the upper limit of the inflation target range
hawkish
not forward looking
certain
2,023
290
the bcrp boards next monetary policy meeting will take place on april 16, lima, march 19,
irrelevant
forward looking
certain
2,020
783
direct securitycurrency repo and rediscount operations i 7.75 percent per year for the first 10 operations in the last 3 months and ii the interest rate set by the monetary and exchange operations committee for operations in addition to these 10 operations in the last 3 months
neutral
not forward looking
certain
2,022
473
as a result of this, the rate of inflation in the last 12 months accumulated 2.82 percent
neutral
not forward looking
certain
2,014
315
the board also reiterates that the central bank will adopt any necessary measures to lead inflation to gradually converge to the target range and affirms its commitment to providing the economy with the required liquidity through monetary instruments
neutral
forward looking
certain
2,009
815
in august, the consumer price index of metropolitan lima cpi increased 0,01 percent
hawkish
not forward looking
certain
2,003
909
swap a commission equivalent to a minimum annual effective cost of 6.25 percent
hawkish
not forward looking
certain
2,008
934
economic activity is expected to recover in the following quarters as a result of increased government and private spending, and iv the world economy continues to show a gradual recovery, although there is still some uncertainty about the policies of developed countries, particularly about the reversal of central banks monetary stimulus in these economies
neutral
forward looking
certain
2,017
402
the bcrp boards next monetary policy session will take place on april 16, lima, march 12,
irrelevant
forward looking
certain
2,020
510
the latter rate was 5,5 percent
neutral
not forward looking
certain
2,001
732
the central bank forecasts that the 2004 cumulative inflation will be near to the upper bound of the target range 3.5 percent and, around the mid-point of the range 2.5 percent for the policies that the central bank is adopting are oriented to achieve the convergence of the inflation toward its target
hawkish
forward looking
certain
2,004
26
the average monthly interbank interest rate in january was exceptionally below the reference interest rate 4.44 percent due to the extraordinary measures implemented to deal with the massive inflow of speculative capitals
hawkish
not forward looking
certain
2,008
39
year-on-year inflation is projected to continue its downward trend in the forecast horizon
dovish
forward looking
certain
2,024
86
on the other hand, core inflation indicator of the trend of price increases was 0.09 percent and accumulated a last 12-month rate of 1.5 percent the same rate as in april
dovish
not forward looking
certain
2,007
47
direct repos and rediscount operations i 3.80 percent for the first 15 operations carried out by a financial institution in the last 12 months, and ii the interest rate set by the committee of monetary and foreign exchange operations for additional operations to the 15 first operations carried out in the last 12 months
neutral
not forward looking
certain
2,015
807
year-on-year core inflation also rose from 3.81 percent in april to 4.26 percent in may, above the upper limit of the inflation target range
hawkish
not forward looking
certain
2,022
957
this result was mainly influenced by the reversal of the increase observed in the prices of food and fuels last year
dovish
not forward looking
certain
2,010
903
inflation in november continued to be affected by transitory supply factors and recorded a monthly rate of 0.43 percent and an annual rate of 4.64 percent
hawkish
not forward looking
certain
2,011
526
the board made this decision considering the following macroeconomic information the consumer price index for metropolitan lima cpi increased 0.11 percent in november the second lowest rate this year and accumulated 3.5 percent over the last 12 months, a level above the monetary target range 2 percent, plus or minus one percentage point
hawkish
not forward looking
certain
2,007
933
domestic demand grew from 12.6 percent in the fourth quarter of 2006 to 10.2 percent in the first quarter of 2007, mainly as a result of increased private consumption 7.4 percent and private investment 19.5 percent
hawkish
not forward looking
certain
2,007
454
the rise in the prices of some food products and utilities as well as the depreciation of the sol against the dollar have been reversing
dovish
not forward looking
certain
2,016
606
for overnight deposits, the rate is maintained at 2.25 percent
neutral
not forward looking
certain
2,005
941
this decision is based on the fact that the rate of inflation is within the target range in a context of economic growth in the country close to the economys potential level of growth amid international financial uncertainty
neutral
not forward looking
certain
2,013
298
in november, the reference rate for these operations was 4,75 percent
neutral
not forward looking
certain
2,002
702
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 the bcrp and the financial system, as specified below overnight deposits 2.05 percent
neutral
not forward looking
certain
2,015
142
between july and august, year-on-year inflation decreased from 2.1 to 2.0 percent, reaching the midpoint of the target range, while year-on-year core inflation declined from 3.0 percent to 2.8 percent, moving into the target range
dovish
not forward looking
certain
2,024
273
however, the increase in international energy and food prices has been more persistent than expected
hawkish
not forward looking
certain
2,022
943
the board has been adopting measures to make the reserve requirements regime more flexible
dovish
not forward looking
certain
2,013
223
this result is considered transitory and is primarily explained by increases in the price of certain foods and beverages, and by the seasonal rise in education and transportation costs
neutral
not forward looking
certain
2,024
154
thus, inflation is expected to return to the target range in the second half of next year
dovish
forward looking
certain
2,022
103
since october, the swap commission is calculated on a daily basis and considering international levels
neutral
not forward looking
certain
2,002
724
rate bcrp raises the reference rate to 2.5 the board of directors of the central reserve bank of peru bcrp decided to raise the reference interest rate by 50 bps to 2.50 percent
hawkish
not forward looking
certain
2,021
369
this decision does not imply a sequence of interest rates rises
neutral
not forward looking
certain
2,006
502
for the month of december, the board increased the range for its operating target at 150 - 160 million as a daily average
neutral
not forward looking
certain
2,001
44
in january the production of electricity grew 10.9 percent
hawkish
not forward looking
certain
2,011
532
therefore, should expectations about inflation increase or should domestic demand grow at a faster pace than productive capacity and productivity gains, the bank will adopt additional preventive adjustments in the reference interest rate
hawkish
forward looking
certain
2,007
106
for foreign exchange temporary purchase operations swap operations, the commission is reduced to an implicit minimum effective annual cost of 4,5 percent
neutral
forward looking
uncertain
2,002
558
in line with this, expectations of gdp growth rates in 2016 have risen from 3.7 percent in june to 3.8 percent in july, while expectations of gdp growth rates in 2017 have risen from 4.0 percent to 4.2 percent
hawkish
not forward looking
certain
2,016
259
as a consequence, the intermediate target, which indicates an increase in the monetary base of 3,0 to 5,0 percent has been maintained
neutral
not forward looking
certain
2,001
616
the bcrp will continue to take the necessary steps to sustain the payments system and credit flows, and stands ready to expand monetary stimulus using a range of instruments
dovish
forward looking
certain
2,021
114
additionally, there are potential risks stemming from international conflicts
hawkish
forward looking
uncertain
2,024
795
inflation expectations have continued to decrease and continue showing a a declining path, which is within the target range in the following years
dovish
forward looking
certain
2,016
338
for the month of october, the board increased the range for its operating target at 132 - 142 million as a daily average
neutral
not forward looking
certain
2,001
155
global growth risks from trade tensions have attenuated
neutral
not forward looking
certain
2,019
186
this decision is based on that inflations deviation from the target has reflected transitory supply factors in a domestic context characterized by a level of economic growth close to the economys potential growth, and in an external context marked by uncertainty in international financial markets, lower terms of trade, and prospects of lower growth in both developed and emerging countries
hawkish
not forward looking
certain
2,012
222
the board also approved to maintain the following annual interest rates on active and passive operations not included in auctions between the bcrp and the financial system direct repo and rediscount operations 7.25 percent
neutral
not forward looking
certain
2,008
162
recent indicators of economic activity and business and consumer expectations show an economic cycle with lower gdp growth rates than the potential output levels until the third quarter of 2015, but with a faster pace of growth in the last quarter of the year
neutral
not forward looking
certain
2,016
862
in september, the central bank intervened in the exchange market purchasing us 166 million and sold us 200 million to the public treasury
neutral
not forward looking
certain
2,006
87
bcrp reduced reference interest rate to 1.25 the board of the central reserve bank of peru approved to reduce the monetary policy reference interest rate for the seventh consecutive month
dovish
not forward looking
certain
2,009
569
the decisions of monetary policy are oriented to obtain an annual accumulated inflation rate of 2,5 percent, with a rank of tolerance of one percentage point upwards and downwards 1,5 3,5 percent
dovish
forward looking
certain
2,003
164
core inflation recorded a rate of 0.27 percent in august and thus accumulated a rate of 3.6 percent in the last 12 months, like in the previous month
neutral
not forward looking
certain
2,012
90
inflation is forecast to remain initially close to the upper band of the target range due to the lagging effect of the supply shocks and to converge thereafter to the 2 percent target
neutral
forward looking
uncertain
2,014
843
this rate is effective since april the following interest rates will be used in foreign-currency operations the effective annual rate for monetary regulation credits will be 7,5 percent
neutral
not forward looking
certain
2,001
945
the board is particularly attentive to new information on inflation expectations and economic activity, with an aim to consider, if necessary, changes in the monetary stance
neutral
forward looking
certain
2,021
775
this rate implied a reduction with respect to the rate effective since july 6 6,5 percent
dovish
not forward looking
certain
2,001
762
the average exchange rate decreased 1.6 percent in may, falling from 3.33 in april to 3.28 per dollar
dovish
not forward looking
certain
2,006
354
most indicators of expectations for economic activity remained in pessimistic territory in february
dovish
forward looking
certain
2,022
748
since september, according the new reserve requirement regulation, the average balance of funds in vault of the previous month is computed in order to determine the reserve requirement in domestic currency
neutral
not forward looking
certain
2,002
29
as pointed out in our inflation report of september, last 12-month inflation is expected to be transitorily above the upper band of the target range 3.0 percent in the short-term, due mainly to a higher imported inflation rate, particularly in terms of inputs used for the production of food products
hawkish
not forward looking
uncertain
2,007
840
last 12-month inflation should transitorily be in the upper band of the inflation target 3.0 percent, mainly as a result of a higher imported inflation, particularly in terms of inputs used for the production of food products
hawkish
forward looking
uncertain
2,007
544
the board of the bank also established for domestic currency operation the following for monetary regulation credits and temporary purchase of cdbcrp and treadury bonds out of auctions, the effective interest rate would be the weighted average of the interbank interest rates, or 3,0 percent, whichever is highest
neutral
not forward looking
certain
2,002
287
this rate is lower to that effective since november 17, 2000 8,5 percent
dovish
not forward looking
certain
2,001
727
indicators of non-primary economic activity continue showing signs of dynamism, even though the output level remains below its potential, and iv
dovish
forward looking
certain
2,019
703
inflation in the last 12 months rose from 2.45 percent in february to 2.59 percent in march
hawkish
not forward looking
certain
2,013
626
year-on-year inflation decreased from 1.8 percent in september to 1.7 percent in october, while trend inflation remains in the lower part of the target range
dovish
not forward looking
certain
2,020
446
the monthly rate of inflation reflects in part the rise in the excise tax
neutral
not forward looking
certain
2,018
207
inflation in march showed a rate of 0.91 percent, of which 0.38 percentage points are due to the rise in education costs tuition and fees
neutral
not forward looking
certain
2,013
466
bcrp reduced the reference rate to 7.25 the board of directors of the central reserve bank of peru bcrp decided to reduce the reference rate by 25 bps to 7.25 percent
dovish
not forward looking
certain
2,023
605
the bcrp boards next monetary policy session will take place on august 8, lima, july 11, 2019
irrelevant
forward looking
certain
2,019
75
for foreign exchange temporary purchase operations swap operations, the commission implies an effective annual cost of 3,0 percent
neutral
not forward looking
certain
2,002
16
in july, the daily average balance of banks current account deposits at the central bank was 194, slightly under the estimated range 195 millions to 215 millions
neutral
not forward looking
certain
2,003
428
the average interbank interest rate was 2.48 percent in march, similar to that seen in february 2.52 percent
neutral
not forward looking
certain
2,004
98
the bcrp is also assessing new liquidity instruments to be used if necessary
neutral
forward looking
certain
2,020
960
the board will approve the monetary program for june on its meeting of june 12,
irrelevant
forward looking
certain
2,014
485
the monthly rate of inflation is explained by the increase observed in the prices of meals outside the home 0.5 percent, fish 7.5 percent, and tomatoes 24.2 percent
hawkish
not forward looking
certain
2,015
538
exceptional upward pressures on the interbank rate were recorded in the last days of march and first days of april, coinciding with the beginning of the period for income tax payments
hawkish
not forward looking
certain
2,006
572
the board also decided the following interest rates on its window facility operations in domestic currency with financial entities overnight deposits 5.00 percent per year
neutral
not forward looking
certain
2,022
61
recent indicators of economic activity continue showing a weak economic cycle, with lower gdp growth rates than the potential gdp levels
dovish
not forward looking
certain
2,015
689
one-year-ahead expected inflation decreased from 4.68 percent in november to 4.30 percent in december, above the upper limit of the inflation target range
hawkish
not forward looking
certain
2,023
615
moreover, a recovery is observed in several indicators of economic activity, consumption, and investment
hawkish
not forward looking
certain
2,018
976
the average interbank interest rate was 2.49 percent in april, similar to march 2.48 percent
neutral
not forward looking
certain
2,004
260
eventually, the inflation rate could exceed that range
hawkish
forward looking
uncertain
2,005
948
likewise, the board of directors approved the interest rates on the following operations in dollars between the bcrp and the financial system rediscount operations 1-month libor plus one percentage point
hawkish
not forward looking
certain
2,008
518
this measure is part of the series of policies that the central bank has been implementing since september 2008 to provide liquidity to the economy and to face the international financial crisis in order to preserve the normal functioning of the credit market
dovish
not forward looking
certain
2,009
779
the sharp increase in international food and fuel prices since the second half of 2021, accentuated by international conflicts, has led to a sharp increase in global inflation in magnitudes not seen in many years and towards levels significantly higher than the inflation targets of central banks, although in most countries, a decreasing trend is observed throughout the year
hawkish
not forward looking
certain
2,023
46
the board also decided the following interest rates on its window facility operations in domestic currency with financial entities overnight deposits 4.00 percent per year
neutral
not forward looking
certain
2,022
527
this measure is aimed at offsetting the potential impact of these supply factors on inflation expectations in a context of growth of domestic demand
hawkish
forward looking
certain
2,011
377
in january, the bcrp has continued lowering the rate of reserve requirements in domestic currency from 9.5 to 9.0 percent with the aim of supporting the growth of credit in soles
dovish
not forward looking
certain
2,015
5
the impact of this increase in the rate of reserve requirements is estimated to be equivalent in the short-term to an increase of 25 basis points, although this effect should tend toward 50 basis points in the next months
hawkish
forward looking
uncertain
2,008
956
the benchmark announced for the year 2001 is 130- 145 million
neutral
not forward looking
certain
2,001
864
formerly, the said rate was 3,0 percent
neutral
not forward looking
certain
2,002
861
core inflation, which registered 0.32 percent, accumulated an annual growth rate of 3.0 percent
neutral
not forward looking
certain
2,011
48
gdp is expected to grow between 2.5 and 3.0 percent in 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 2.25 percent
dovish
forward looking
certain
2,017
256