Peru Central Bank Raises Benchmark Rate 25 Basis Points to 4.50%
The central bank said supply shocks, stronger inflation expectations and robust domestic demand were complicating the return of price growth to target.
Peru's central bank raised its benchmark interest rate by 25 basis points to 4.50% on Thursday, as expected, as officials warned that supply shocks, stronger inflation expectations and robust domestic demand were complicating the return of price growth to target.