March 9, 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 tenth consecutive month. The bank, in a note, said the decision took into consideration slower growth, international financial risks and inflation factors. Goldman Sachs noted prior to the decision that there was no immediate need for the rate to be modified, highlighting continued uncertainty in the external environment and an eye toward containing the PES as among the reasons.