February 28, 2017 / 2:33 AM / 9 months ago

Peru central bank to loosen reserve requirements starting Wednesday

LIMA, Feb 27 (Reuters) - Peru’s central bank said on Monday it was lowering reserve requirements for deposits in foreign currencies and soles starting on Wednesday in a bid to stimulate credit amid rising global interest rates.

The limit on the average foreign reserve ratio will fall to 46 percent from 48 percent, the bank said in a statement.

In January, the central bank slashed the reserve requirement for deposits in dollars, from a previous 70 percent, after the Federal Reserve hiked U.S. interest rates.

Reporting by Mitra Taj; Editing by Peter Cooney

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below