Peru’s central bank kept its benchmark interest rate steady at 4.75% on Thursday, aligning with market expectations. The decision follows a gradual easing cycle since September 2023, when the rate peaked at 7.75%, making Peru one of Latin America's lowest-rate economies.
In its statement, the central bank cited expectations that annual inflation in March will approach the lower end of its 1%-3% target range before stabilizing near the midpoint. February’s inflation rate stood at 1.48%, already at the lower bound of the target, with monthly prices rising 0.19%.
Peru, the world’s third-largest copper producer, has been closely monitoring inflation trends. Core inflation, which excludes volatile items, is projected to hover around 2%, signaling relative stability in consumer prices.
The decision to maintain the rate suggests policymakers are balancing inflation control with economic growth, ensuring stable financial conditions while keeping borrowing costs low.


Japan Eyes Oil Futures Intervention to Stabilize Yen Amid Middle East Crisis
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears
RBA Set to Hike Rates Again Amid Inflation Surge and Global Uncertainty
Bank of Japan Eyes April Rate Hike Despite Inflation Dip, ING Says
Japan's Private Sector Growth Slows in March Amid Rising Costs and Middle East Uncertainty
RBA Set for Back-to-Back Rate Hikes, Westpac Forecasts
WTO Reform Talks Begin in Cameroon Amid Global Trade Tensions
RBA Raises Cash Rate to 4.10% in Closest Vote Since Transparent Voting Began
Oil Prices Rebound as Iran Denies U.S. Talks Amid Gulf War Supply Fears
Taiwan Central Bank Expected to Hold Interest Rates Steady Through 2027
Asian Stocks Gain Amid Iran Conflict Uncertainty
Bank of Japan Governor Signals Gradual Progress Toward 2% Inflation Target
Fed Holds Rates Steady as Middle East Conflict Clouds Inflation Outlook 



