Peru Holds Interest Rates at 22-Year High as Inflation Cools
- Central bank paused its steepest series of hikes in February
- Inflation is at 7.89%; central bank aims to hit 3% by December
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Peru held interest rates at a 22-year high to ensure that inflation slows decisively toward its target.
The central bank left its benchmark interest rate at 7.75% on Thursday, as forecast by all 11 economists surveyed by Bloomberg.