Economics
Peru Central Bank Lifts Interest Rates to Highest Since 2009
- Bank lifts benchmark rate half a percentage point to 5%
- Economists and farmers warn of damage from fertilizer shortage
A shopper purchases produce at a market in Lima, Peru, on May 12.
Photographer: Miguel Yovera/BloombergThis article is for subscribers only.
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Peru raised interest rates to the highest level in 13 years to curb soaring inflation that triggered mass disorder last month.