Peru keeps rates at 5%

The Central Bank of Peru's rate-setting board on Thursday voted to hold its benchmark reference rate at 5% after monthly inflation fell to 0.11% in November.

Aside from inflation, which at 3.5% year-on-year is still above the 3% upper limit of the target range, the central bank listed three further factors that influenced its decision to hold rates: continuing strong growth in GDP and domestic demand, the appreciation of the nuevo sol and an average monthly interest rate for the interbank mark

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