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.


Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S.
Philippine Economy Slows in Late 2025, Raising Expectations of Further Rate Cuts
China Home Prices Rise in January as Government Signals Stronger Support for Property Market
Asian Currencies Trade Flat as Dollar Retreats After Fed Decision
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026
Dollar Struggles as Policy Uncertainty Weighs on Markets Despite Official Support
Trump Threatens 50% Tariff on Canadian Aircraft Amid Escalating U.S.-Canada Trade Dispute
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets
Asian Stocks Waver as Trump Signals Fed Pick, Shutdown Deal and Tech Earnings Stir Markets
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell
Indonesian Stocks Plunge as MSCI Downgrade Risk Sparks Investor Exodus
Wall Street Slips as Tech Stocks Slide on AI Spending Fears and Earnings Concerns 



