The Central Bank of Peru has kept its benchmark interest rate at 4.75%, consistent with analyst predictions. The rate has decreased from 7.75% since September 2023, reflecting the country’s position as having one of the lowest interest rates in Latin America.
The Central Bank of Peru has maintained its benchmark interest rate at 4.75%, aligning with market analysts’ forecasts. As one of the countries with the lowest interest rates in Latin America, Peru has progressively reduced its key lending rate from a peak of 7.75% since September 2023. This adjustment reflects the bank’s ongoing strategy to manage economic conditions effectively.
In summary, the Central Bank of Peru’s decision to hold the benchmark interest rate at 4.75% continues a trend of easing from higher rates, supporting economic stability and growth amidst lower rates relative to the region.
Original Source: www.tradingview.com
