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Peru's central bank reduces benchmark interest rate to 4.75%

share-iconFriday, January 10 comment-icon1 week ago 8 views
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reutersREUTERS
Peru's central bank reduces benchmark interest rate to 4.75%

Credited from: REUTERS

  • Peru's central bank has reduced its benchmark interest rate by 25 basis points to 4.75%.
  • The decision was unexpected, with analysts anticipating the rate to remain at 5%.
  • The cut follows a trend of easing from a peak of 7.75% since September 2023.
  • Inflation in December increased by 0.11% month-on-month, with an annual rate of 1.97%.
  • Peru now holds one of Latin America's lowest benchmark interest rates.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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