Peru unexpectedly cut its benchmark interest rate Thursday, shrugging off concern that core inflation remains stubbornly high and that the economy is already growing faster than expected without ...

Peru’s central bankers cut the interest rate by 25 base points during their September meeting. This leaves the benchmark rate for the country at 5.25%, among the lowest in all of Latin America. The ...

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 ...

Peru’s GDP is predicted to increase by 4% this year, making it the second fastest-growing country in Latin America behind Argentina, according to a Reuters report. Inflation is expected to ...

The central bank held its key rate at 4.75% on Thursday, as expected by seven out of 11 economists surveyed by Bloomberg. The other four expected a quarter percentage point cut to 4.5%.

(Bloomberg) — Peru will likely lower borrowing costs after a surprise hold last month and as inflation continues to hover around the center of the central bank’s target range. Policymakers led by ...

By the end of 2025, the CME FedWatch tool shows a 32.2% probability of ending at two 25-basis-point rate cuts this year to a range of 3.75% to 4%; versus a 28.9% chance of a third cut to a range ...

A recession is coming even if interest rates come down, according to BCA Research chief strategist Garry Evans. "We see signs that the economy is turning down," Evans said, pointing to labor ...

Meanwhile, the job market has slowed. A weaker-than-expected jobs report in each of the last two months has stoked concern among some economists. The unemployment rate has ticked up this year from ...

Peru’s inflation is the lowest among its peers, and its policy rate is also the lowest — tied with Chile — among Latin America’s major economies. Under central bank President Julio Velarde, Peru has ...