Peru’s central bank held its benchmark interest rate at 4.75% on Thursday, matching analyst expectations. The rate has decreased from a high of 7.75% since September 2023, highlighting the country’s relatively low interest rates in Latin America.
On Thursday, Peru’s central bank decided to maintain its benchmark interest rate at 4.75%, aligning with analysts’ predictions. This decision reflects the ongoing monetary policy in the country, as Peru has among the lowest interest rates within Latin America. Over recent months, the central bank has methodically reduced the key lending rate from a previous peak of 7.75% since September 2023, indicating a shift in economic strategy.
The Peruvian central bank’s decision to keep the benchmark interest rate at 4.75% signifies a stable monetary policy amidst a gradual rate reduction trend. With rates previously as high as 7.75%, this adjustment highlights the central bank’s efforts to navigate economic challenges while maintaining low interest rates in the region.
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