Peru holds interest rates

Peru holds interest rates

Economy & Policy Peru

Peru's central bank has kept its benchmark interest rate on hold at 2.75% and gave little away over future policy direction in its accompanying statement. Eighteen of 19 analysts polled predicted that Peru's monetary policy would remain on hold, while one expected the central bank to implement another 25bp cut. Inflation fell to 0.4% year-on-year in March from 1.2% y-o-y in February. And in its statement, the central bank said it was paying attention to new inflation data and inflation determina

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