Peru Signals Readiness to Respond After Keeping Rate at 4.25%
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Peru’s central bank kept borrowing costs unchanged yesterday for a 12th month and signaled its readiness to respond to any shifting inflation expectations after boosting reserve requirements to tame credit growth.
The seven-member board, led by bank President Julio Velarde, maintained the overnight rate at 4.25 percent, matching the forecasts of all 16 economists surveyed by Bloomberg.