• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Peru central bank cuts benchmark interest rate to 4.75%

by January 10, 2025
written by January 10, 2025

LIMA (Reuters) – Peru’s central bank trimmed its benchmark interest rate by 25 basis points to settle at 4.75% on Thursday, surprising analysts who expected the country’s monetary authority to hold the rate steady at 5%.

Peru has since September 2023 gradually eased the key lending rate from a high of 7.75% it held through the first part of that year.

In a statement, the central bank said the cut moves the rate to a level it estimates to be “neutral” while adding future rate adjustments will track new data on inflation and its derivatives.

The bank’s decision to lower borrowing costs came after December’s inflation rate inched up by 0.11% month-on-month, bringing price increases to 1.97% last year – within the bank’s target range of 2% plus or minus once percentage point.

Prices were down from the 3.24% annual inflation rate recorded in 2023 and far below the 8.46% in 2022. December’s annualized rate was also down from 2.27% the previous month.

Peru boasts one of Latin America’s lowest benchmark interest rates.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Union, employers credit Trump in US port deal that may shape future talks
next post
Aircraft lessor Avolon sees impact of supply issues lasting a decade

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • US Treasury Department says MetLife unit settles over Iran sanctions violations
    • Court rejects Boeing plea deal tied to 737 Max crashes

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy