The Central Reserve Bank of Peru announced an increase to the required reserve ratio of 25 basis points. Peruvian banks' average reserve requirement was 12.1 percent during the period 1-Feb-11 to 22-Feb-11, according to data from the Bank. The move is intended "to keep inflation expectations anchored within the 1 percent to 3 percent target range," as the fast growing emerging market faces rising inflation risks.
www.CentralBankNews.info
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