Peru’s central bank has kept its benchmark interest rate at 4.75% as expected. This rate is one of the lowest in Latin America, following a gradual reduction from 7.75% since September 2023.
On Thursday, Peru’s central bank decided to maintain its benchmark interest rate at 4.75%, aligning with the forecasts made by analysts. This rate currently positions Peru among the nations with the lowest interest rates within Latin America. Notably, since September 2023, the central bank has incrementally reduced the key lending rate from a peak of 7.75%.
The decision to hold the benchmark interest rate at 4.75% reflects the central bank’s strategy to stabilize the economy following previous adjustments. The gradual rate decrease since September indicates a shift towards more favorable lending conditions in Peru, enhancing its position among Latin American economies.
Original Source: www.tradingview.com
