Peru central bank holds benchmark rate at 5%
2024-12-13
Category: economic

    Peru's central bank held the benchmark interest rate at 5% on Thursday, matching analysts' expectations. 
Peru has one of Latin America's lowest benchmark interest rates, and the central bank said in a statement that future rate changes will depend on inflation data and its determinants.
    The bank's decision to hold the rate came after consumer prices in the Andean nation     increased in November    , after reclining for two consecutive months.    
    The monetary authority said the "year-on-year inflation rate and core inflation are expected to stay within target range on the projected horizon".   