Peru's central bank cuts interest rate by 25 bps to 6.25%

Credit: REUTERS/MARIANA BAZO

Adds details from statement

Feb 8 (Reuters) - Peru's central bank cut its benchmark interest rate by 25 basis points to 6.25% on Thursday, as inflation continued to ease, underscoring that the move "does not necessarily imply a cycle of successive interest rate reductions."

Peru's consumer prices rose 0.02% in January, following a 0.41% jump in December.

Annual inflation is expected to continue its downward trajectory, the central bank said in its monetary policy statement, noting risks associated with climate factors such as the El Nino weather phenomenon have reduced.

(Reporting by Valentine Hilaire; Editing by Sarah Morland and Anthony Esposito)

((Valentine.Hilaire@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.