Peru’s central bank held the benchmark interest rate at 4.75%, consistent with analyst predictions, following a gradual easing from 7.75% since September 2023.
On Thursday, Peru’s central bank decided to maintain its benchmark interest rate at 4.75%, aligning with analysts’ forecasts. This decision comes in the context of Peru’s relatively low interest rates compared to other Latin American nations. Since September 2023, the central bank has gradually reduced the key lending rate from a previous high of 7.75%.
In summary, the Peruvian central bank’s decision to keep the benchmark interest rate stable at 4.75% reflects a calibrated approach to monetary policy. The gradual decrease from 7.75% since September 2023 indicates an effort to support economic stability while remaining in line with market expectations.
Original Source: www.tradingview.com
