finance
Peru Central Bank Holds Key Rate at 4.25% for Tenth Month
Peru’s central bank kept its benchmark interest rate unchanged at 4.25% on Thursday. The move extends a streak of ten consecutive months at the same level. Officials indicated they view the recent rise in inflation as temporary.
Jul 9, 7:17 PM·1m read1 source
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Peru’s central bank held its key interest rate at 4.25% on Thursday. The decision marked the tenth straight month the rate has remained unchanged. The bank cited expectations that an uptick in inflation would prove temporary.
No other policy changes were announced in the statement. The action keeps borrowing costs steady for Peruvian businesses and households. Markets had widely anticipated the hold after similar decisions in prior months.
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