Peru Holds Rates

Peru Holds Rates

Peru Economy & Policy

Peru’s central bank has chosen to keep the benchmark interest rate at 4.25%, holding for the 24th consecutive month. The decision is in line with market expectations and comments from central bank governor Julio Velarde last week. Ahead of the decision, Velarde told LatinFinance that Peru’s central bank did not yet see signs for a rate cut despite a dramatic drop in commodity prices that may force authorities to revise down growth forecasts. “Of course we see a slowdown but the signs are still n

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