Peru Keeps 3.5% Rate to Bolster Economy Amid Slowing CPI
- Surge in copper output is fueling fastest growth in a year
- Inflation expectations steadied by September's surprise hike
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Peru kept borrowing costs unchanged for a second month as policy makers maintain monetary stimulus as the economy recovers and inflation slows.
The central bank board, led by bank President Julio Velarde, kept the rate at 3.5 percent, matching the median estimate of all 17 economists surveyed by Bloomberg.