Under Article 84 of the Constitution of Peru, the purpose of the Central Bank monetary stability in the country.
Inflation is rising widespread and sustained prices of goods and services in an economy that inflation occurs affects the functions of money (a medium of exchange, unit of account and store of value).
Inflation is rising widespread and sustained prices of goods and services in an economy that inflation occurs affects the functions of money (a medium of exchange, unit of account and store of value).
Inflation distorts prices in an economy, creating uncertainty in the economic and discourages private investment.
The compliance the inflation target by the BCR is measured continuously using CPI (consumer price index). The inflation target is 2.0% with a margin tolerance of a point down and up.
According BCR the international prices of commodities have been recovering to approximately April this year and, unlike most commodities gold prices showed an upward trend , because of its demand as a hedge asset and store of value.
As for copper, rose in the first months of this year and the price of zinc followed the same upward path between January and April and then fell. The price of oil in 2009 accumulated increased and this year it was listed in April this year in USA $ 81 per barrel this in a context of expectations of recovery in global demand, production constraints and problems in countries producers .
For wheat so far this year has continued its downward trend due to abundant supply in the market. Returning to the corn increased demand by China has been gradually increasing the price, the same goes for soy oil . Regarding the price of sugar has remained its price down since production of producing countries such as India and Brazil has improved.
In the area of \u200b\u200b Europe we have the European Central Bank and national central banks of each country that makes up the euro zone. The main objective of Euro system is to maintain price stability.
In January of 2009 marked the tenth anniversary of the Euro and Euro system. The European Central Bank was established on 1 June 1998 and the institute is leading the Euro system and directs monetary policy for countries that are part of the monetary union.
In January of 2009 marked the tenth anniversary of the Euro and Euro system. The European Central Bank was established on 1 June 1998 and the institute is leading the Euro system and directs monetary policy for countries that are part of the monetary union.
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