Monetary Policy Review for Korea , Norway and Peru as on 10th and 11th December 2014

The Central Bank of Norway cuts its Key Policy Rate to 1.25% as on 11th December 2014

The Central Bank of Peru maintains its Monetary Policy Rate at 3.50% as on 11th December 2014

The Central Bank of south Korea maintained its Base Rate at 2% as on 10th December 2014

#MonetaryPolicyReview for #Korea #Norway and #Peru as on 10th and 11th December 2014.

#BankOfKorea maintained its #BaseRate at 2.0% per annum as on 10th December 2014
Data compiled and released by Bank of Korea

The #CentralBankOfNorway #NorgesBank cut its #KeyPolicyRate by 25 Basis Points to 1.25% as on 11th December 2014 , Data compiled and released by Central Bank of Norway

The #CentralReserveBankOfPeru maintains its #ReferenceRate at 3.50% per annum as on 11th December 2014.
Data compiled and released by Central Reserve Bank of Peru

#MonetaryPolicy #Peru #PeruEconomicNews #SouthKorea #BOK #CentralBankOfKorea #MonetaryPolicy #InterestRates #PolicyRate #Europe #Norway

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Peru Central Bank holds rate, cuts reserve requirements in second week of February

13th February 2013

Peru's central bank maintained its monetary policy reference rate at 4.0 percent but again lowered the reserve requirements on the domestic soles currency by 100 basis points to 13 percent and said that it would "implement additional measures to ease its monetary policy instruments" if necessary.
    The Central Bank of Peru (BCRP), which cuts it rate by 25 basis points in November as a preventative move, also said the economy slowed down until the third quarter of last year but indicators and surveys about expectations "show a recovery of economic activity in the first quarter of this year."
    Peru's Gross Domestic Product rose by 0.8 percent in the third quarter of last year from the second quarter for annual growth of 4.4 percent, down from the second quarter's 5.6 percent.
    Economic growth remains below the country's potential while inflation expectations remain anchored within the central bank's target range of 1.0 to 3.0 percent with a 2.0 percent midpoint.
    Peru's inflation rate rose to 3.07 percent in January from December's 2.86 percent and an average 2013 rate of 2.86 percent. The bank said the current reference rate of 4.0 percent was compatible with an inflation forecast of 2 percent in the 2014-2015 horizon

Peru holds rate, cuts reserve requirements again - Central Bank News

Peru Central Bank holds rate, makes reserve requirements more flexible

Peru's central bank maintained its policy rate at 4.25 percent as inflation remains within the bank's target range and economic growth is close to the "economy's potential level of growth amid international financial uncertainty."
    The Central Bank of Peru (BCRP), which has held rates steady since April 2011, also made its reserve requirements regime more flexible and said that "if necessary, the Board will adopt additional measures to make the regime of requirement reserves more flexible in order to promote a more orderly evolution of credit."
    Under the new measures, the central bank said that a financial institution's long-term liabilities that are "not subject to reserve requirements was raised in May to 2.3 times the effective equity with the aim of promoting increased long-term financing in soles, and a maximum limit of 20 percent was established in June for the mean rate of reserve requirements in soles in order to reduce the dispersion of required reserves in the different financial entities and promote intermediation in soles, releasing in this way 500 million soles."
   Peru's economy has been weakening in recent months due to weaker mining and last month the central bank lowered its 2013 growth forecast to 6.1 percent from a previous forecast of 6.3 percent. In 2012 the economy expanded by 6.3 percent.
     In the first quarter, Peru's Gross Domestic Product grew by 2.1 percent from the previous quarter for annual growth of 4.8 percent, down from 5.9 percent in the fourth quarter.
    "Current and advanced indicators of activity show that the growth of the Peruvian economy is
close to its long-term sustainable level of growth, even though the indicators associated with
the external market still show a weak performance that affects the prices and volumes of
export products," the central bank said.
    Inflation in Peru rose to 2.77 percent in June from 2.47 percent in May due to higher prices of some foods and fuels.
    The central bank, which targets inflation of 1.0 to 2.0 percent, said it expects headline inflation to converge to the center of its target range in the next months due to better food supply, economic growth close to the economy's potential and to inflation expectations that are anchored to the bank's target range.

Peru holds rate, makes reserve requirements more flexible - Central Bank News

for more details log on to Central Bank of Peru website : http://www.bcrp.gob.pe/home.html