Peru holds rates, eases reserve requirements
The board of the Central Reserve Bank of Peru held rates at 6.5% as inflation slowed but lowered reserve requirements by one percentage point in a bid to ease conditions for in for commercial banks.
"This measure is part of the series of policies that the Central Bank has been implementing since September 2008 to provide liquidity to the economy and to face the international financial crisis in order to preserve the normal functioning of the credit market," a statement from the central bank
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