November 26, 2013 / 4:57 PM / 5 years ago

Peru monetary policy will be between neutral and expansive -cbank

LIMA, Nov 26 (Reuters) - Peru’s monetary policy will be “between neutral and expansive,” central bank president Julio Velarde said on Tuesday.

The bank surprised the market earlier this month by cutting the benchmark interest rate for the first time in more than four years in a bid to spur economic growth and ward off an extended slowdown.

Velarde added November’s consumer price index is set to have fallen 0.2 percent.

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