LatinNews Daily - 9 May 2025

*Peru’s central bank (BCRP) has lowered its benchmark interest rate by 25 basis points to 4.50%, after holding it at 4.75% for three consecutive monetary policy meetings. In a statement, the BCRP said that the 4.50% rate is close to the estimated “neutral rate” – the optimal rate that boosts the economy while keeping inflation steady. The BCRP noted that annual inflation in April was 1.7% – up from 1.3% in March, but within the bank’s target range of 1-3%. The BCRP predicted that inflation will reach the centre of the target range within the coming months. It also highlighted a “slight deterioration” in economic activity in April compared with March and noted increased global volatility as a result of trade tensions.

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