Reported about 15 hours ago
Peru's central bank has cut its key interest rate from 5% to 4.75% after inflation dropped to 1.97% in December, below the 2% target. This decision allows for additional support to aid economic recovery, with authorities expressing confidence that inflation will remain stable. Despite the drop in headline inflation, concerns over core inflation persist, leading policymakers to remain vigilant. The economy showed signs of growth following a recession in 2023, with forecasts suggesting continued growth in the upcoming year.
Source: YAHOO