Peru Holds Rate at 5.75% Despite Forecasts

In a surprising move, Peru’s Central Reserve Bank (BCRP) kept the interest rate unchanged at 5.75% on June 13, 2024. Previously, the rate had undergone eight cuts from a high of 7.75%. This decision was unexpected as nine out of twelve analysts predicted a further cut of 0.25%. Only three anticipated a steady rate, aligning […]