Latam Week Ahead: MPC Meeting in Peru

Goldman Sachs expects Peru's central bank to hold the policy rate at 4.25% on May 14, prioritizing data dependency amid global energy shocks and political runoff uncertainty. While inflation surprised to the upside, deteriorating growth indicators and stable core services inflation support a cautious stance.

Key Takeaways

• 1.The Peru Monetary Policy Committee is expected to maintain its policy rate at 4.25% during the May 14 meeting.
• 2.The inflation outlook remains hawkish due to energy price shocks, delaying target convergence to 2027.
• 3.A polarized presidential runoff between Keiko Fujimori and Roberto Sánchez adds significant uncertainty to monetary policy calibration.

Table of Contents

• LATAM Week Ahead: MPC Meeting in Peru (Hold at 4.25%)
• DATA NEXT WEEK:
• Disclosure Appendix
• Global product; distributing entities
• General disclosures

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