Peru Central Bank Maintains Benchmark Interest Rate at 4.75%

Peru’s central bank has kept the benchmark interest rate at 4.75%, consistent with expectations, following a reduction from 7.75% since September 2023, which results in one of the lowest rates in Latin America.

On Thursday, Peru’s central bank decided to maintain its benchmark interest rate at 4.75%, a move that aligns with analysts’ predictions. This stability in interest rates comes after a gradual reduction initiated in September 2023, when the bank began lowering the previously elevated rate of 7.75%. As a result, Peru now enjoys one of the lowest interest rates in the Latin American region.

In summary, the Peruvian central bank’s decision to keep the interest rate at 4.75% reflects a consistent approach following a series of decreases from 7.75% since September 2023, positioning the country with one of the lowest rates in Latin America.

Original Source: www.tradingview.com