Peru’s central bank expects inflation to converge to its target in 2024, not the end of this year as previously estimated, the bank’s manager for economic studies Adrian Armas said on Friday.
The monetary authority’s inflation target is between 1% and 3%.
At a press conference, Armas attributed the revised forecast to inflationary pressures on food prices.
Read More : Peru’s Central Bank Signals Delay in Achieving its Inflation Target