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Peru holds benchmark rate at 4.25%

Peru's central bank held its benchmark interest rate at 4.25%, as expected, amid inflation above target.

John Smith
ByJohn Smith- Senior Editor
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Peru's central bank held its benchmark interest rate at 4.25% for the eighth consecutive month on Thursday, matching analysts' expectations.

Inflation in April remained outside the bank's target range, prompting the decision to hold steady.

The bank's next meeting will be closely watched for any shift in policy.

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