Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
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.
