Bloomberg News

Peru Likely to Raise Rate to 5% in 2012, Morgan Stanley Says

February 13, 2012

Feb. 13 (Bloomberg) -- Peru’s central bank will probably increase its benchmark rate to “a least” 5 percent this year, from 4.25 percent, as domestic demand spurs inflation, Morgan Stanley said.

Economic activity is “robust” and will accelerate in the months ahead on private consumption growth and as the government increases spending, Daniel Volberg, an economist at Morgan Stanley, said in an e-mailed report today.

--Editor: Robert Jameson

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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