News Peru Banks: Peru cuts interest rate again as prices ease but recession lingers
Peru's central bank again lowered its benchmark interest rate by 25 basis points to 7.00% on Thursday, as the monetary authority in the Andean nation continues to ease borrowing costs in an effort to help claw its way out of a recession. The bank's third consecutive cut comes as the rate of rising consumer prices has been coming down. But the latest decision to cut rates does not necessarily imply a cycle of successive rate reductions, the monetary authority said in a statement.
News Peru Banks: Peru's central bank holds benchmark interest rate at 4.25%
LIMA, May 14 (Reuters) - Peru's central bank held its benchmark interest rate for the eighth straight time on Thursday, keeping it at 4.25%, in line with analysts' expectations, after inflation in ...
News Peru Banks: Peru plans instant payments network that links fintechs, mobile bank accounts
Peru is working to link banks, fintechs and mobile wallet providers into an interoperable hub for instant payments using real-time technology provided by Mastercard. Processing Content With a launch ...
News Peru Banks: Revolut Applies for Full Banking License in Peru in Latin America Push
Revolut has applied for a full banking license in Peru as it steps up its expansion across Latin America, according to a report by Bloomberg. Key Takeaways: Revolut is applying for a banking license in Peru to expand its regulated footprint in Latin America. The company is targeting remittances in ...
News Peru Banks: Interbank teases Apple Pay launch in Peru as South American expansion continues [U]
After 9to5Mac published that Interbank Peru was announcing Apple Pay support, the bank removed all references about Apple's own payment system.
News Peru Banks: IDB: Uncertainty disappears, investors renew interest in Peru
Political uncertainty is disappearing in Peru, so entrepreneurs and investors are renewing their interest in the country,
