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Peru , Thursday 15 October 2026

Peru cuts interest rate again as prices ease but recession lingers

Published on: Thursday 09 November 2023

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 source: https://finance.yahoo.com/news/peru-cuts-interest-rate-again-235718051.html

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