February 10, 2012
Peru’s central bank yesterday decided to keep the country’s benchmark inter
Peru’s central bank yesterday decided to keep the country’s benchmark interest rate at 4.25% for the ninth consecutive month. Goldman Sachs noted prior to the decision that the economy has little need for any monetary stimulus, though the 4.23% year-on-year inflation remains outside the central bank’s 1%-3% band. The bank reports that its decision takes into account factors such as international financial risks, as well as moderate spending and inflation.