EFTA Document EFTA01379435

22 December 2017 EM Currency Handbook 2018. Still Fuel in the Tank Peru The Central Bank of Peru (BCRP) is responsible for managing monetary and exchange rate policies. Monetary policy is carried out under an inflation- targeting regime. The inflation target is 2% +1- 1% and applies to inflation (Lima CPI) throughout the year -not only for year-end inflation. The main instrument of monetary policy is the BCRP's overnight reference interest rate. In addition, the bank also targets intere