Reported about 9 hours ago
Peru's Central Reserve Bank has reduced its key interest rate to 4.25%, the lowest since 2022, following an unexpected drop in inflation. The decision aligns with forecasts from several economists, despite mixed expectations regarding the rate's direction. With inflation at a slow pace of 1.11%, Peru's economic growth remains robust, leading analysts to predict limited further cuts, particularly to avoid destabilizing capital flows.
Source: YAHOO