Peru May Slow Pace of Rate Increases as Economy Cools

Peru’s central bank may slow the pace of interest rate increases at its monthly meeting today as moderating inflation allays concern that South America’s sixth-biggest economy is overheating.

The seven-member board will probably raise the bank’s reference rate by a quarter-point to 3.25 percent from 3 percent, according to 12 of 16 economists surveyed by Bloomberg. Three economists expect a third consecutive half-point increase, while one analyst forecasts a pause. The board will announce its decision after 6 p.m. New York time.