Peru's central bank hikes again but knives are out for Castillo

  • Central bank raised rates by 50bps yesterday, to 5%, the tenth consecutive rate increase this cycle

  • The rate increase follows the continued rise in CPI inflation, which – at 8% – is at a 24-year high

  • Inflation and slower growth will only add to President Castillo's woes as he faces challenges on multiple fronts
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