Oil & Gas Refining
Peru's high public spending holding back faster interest rate cuts, cenbank chief says
Peru's high public costs, which has pushed the financial deficit past the federal government's target, is impeding quick reductions in interest rates, the nation's reserve bank chief said on Thursday. WHY IT is essential Peru's high financial deficit restricts the reserve bank's capability to cut interest rates more quickly, even as prices fall in the Andean nation and as the government calls for sped up monetary easing. SECRET PRICES QUOTE It is expensive, Central Bank Governor Julio Velarde stated of public spending. One factor that restricts quick decreases in the rates of interest is that public costs is growing too...