Peru central bank to loosen reserve requirements starting Wednesday
LIMA, Feb 27 (Reuters) - Peru's central bank said on Monday it was lowering reserve requirements for deposits in foreign currencies and soles starting on Wednesday in a bid to stimulate credit amid rising global interest rates.
The limit on the average foreign reserve ratio will fall to 46 percent from 48 percent, the bank said in a statement.
In January, the central bank slashed the reserve requirement for deposits in dollars, from a previous 70 percent, after the Federal Reserve hiked U.S. interest rates.
(Reporting by Mitra Taj; Editing by Peter Cooney)
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