Poland to keep rates on hold, lower rates seen in Peru – BBH

Analysts at BBH gave their views on the upcoming central banks’ meetings in the EM space.

Key Quotes

“National Bank of Poland meets Wednesday and is expected to keep rates steady at 1.5%.  CPI rose only 1.9% y/y in February, which is near the bottom of the 1.5-3.5% target range.  For now, the bank has maintained its intent to keep rates steady into 2019”. 

“Peru central bank meets Thursday and is expected to cut rates 25 bp to 2.75%.  CPI rose 1.2% y/y in February, close to the bottom of the 1-3% target range.  The bank has been cutting rates every other month, which points to a 25 bp cut to 2.75% then after it stood pat in February”.