Peruvian rates on hold

Peru's central bank kept interest rates unchanged on 2 August, after last month's unexpected rate rise.

The decision to leave rates at 4.75% - a six-year high - was generally expects. The surprise hike in July was the first interest rate change since May 2006.

The central bank has said it is happy to allow the current seven-year economic expansion to continue because there were few threats that price increases would accelerate.

The country's annual inflation rate rose 2.21% in July. The centr