BusinessPeru Holds Interest Rate at 4.25% Amid Temporary Inflation Rise
Peru's central bank unexpectedly kept its key interest rate steady at 4.25% for the 13th consecutive month, anticipating that the recent inflation surge is temporary. Despite inflation exceeding the 3% target for seven months, policymakers remain vigilant and committed to adjusting monetary policy as needed. The decision surprised most economists who expected a rate hike.
Mint Markets·




