Peru Central Bank Maintains Benchmark Interest Rate at 4.75%

Peru’s central bank maintained the benchmark interest rate at 4.75%, aligning with analyst expectations. This rate is one of the lowest in Latin America, following a gradual decrease from 7.75% since September 2023.

On Thursday, the central bank of Peru maintained its benchmark interest rate at 4.75%, conforming to analysts’ projections. This decision underscores the nation’s approach to monetary policy amid economic conditions. Peru currently boasts one of the lowest interest rates within Latin America, having steadily reduced its key lending rate from a previous high of 7.75% since September 2023.

In conclusion, Peru’s decision to hold the benchmark interest rate at 4.75% reflects its commitment to a cautious monetary policy as it navigates economic challenges. The gradual reduction from a higher rate illustrates a strategic approach to fostering economic stability.

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