LatinNews Daily - 23 June 2017

Peru: The central bank (BCRP) has lowered the reserve requirements for deposits in foreign currency held by banks operating in the country from 44% to 42% of its assets, starting in July. The move should free up around US$110m for lending purposes. It should also help stabilise credit availability in the local market despite the recent increase in interest rates in the US, which is now attracting increasing levels of capital.

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