Peru’s central bank has maintained its benchmark interest rate at 4.75%, consistent with analyst predictions. This follows a gradual reduction from a previous high of 7.75% since September 2023, positioning Peru with one of the lowest interest rates in Latin America.
On Thursday, Peru’s central bank decided to maintain its benchmark interest rate at 4.75%, aligning with analysts’ forecasts. This rate represents one of the lowest in the Latin American region. The central bank has progressively reduced the key lending rate from a peak of 7.75% since September 2023, reflecting ongoing economic adjustments.
In summary, the decision to hold the benchmark interest rate at 4.75% reflects the central bank’s strategic economic positioning, particularly after a series of reductions from higher rates. Such measures aim to stabilize the financial landscape in Peru, particularly in comparison with other Latin American countries.
Original Source: www.tradingview.com
