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Stock impact report

Chile Central Bank Slows Easing Pace and Says Further Interest Rate Cuts are Coming [BNN Bloomberg (Canada)]

Credicorp Ltd. (BAP) 
Last credicorp ltd. earnings: 2/6 04:00 pm Check Earnings Report
US:NYSE Investor Relations: credicorp.gcs-web.com/investor-overview
Company Research Source: BNN Bloomberg
Policymakers lowered borrowing costs to 6% late Thursday as widely expected, following prior cuts of 75 and 100 basis points. Board members have now reduced rates by a total of 5.25 percentage points since last July. In a statement, board members reiterated borrowing costs will continue to fall in line with their most recent projections, adding that both economic growth and inflation have evolved according to expectations. In line with the central scenario of the March monetary policy report, “further cuts will be applied to the MPR,” they wrote. “The magnitude and timing of the process of MPR reductions will depend on the evolution of the macroeconomic scenario and its implications for the inflation trajectory.” Central bankers led by Rosanna Costa tempered their easing cycle after some commodity costs surged and Federal Reserve officials rallied around plans to hold their rates higher for longer. Those trends are stoking caution over inflation in a Chile, which is relatively Show less Read more
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