Peru central bank holds key rate at 3 pct, as expected

By Kitco News / February 08, 2018 / www.kitco.com / Article Link

LIMA, Feb 8 (Reuters) - Peru's central bank held the benchmark interest rate at 3 percent as expected on Thursday, but noted that economic growth was still below potential after its 25-basis point rate cut last month.

Nine analysts had predicted the rate hold in a Reuters poll this week, with the remaining three analysts forecasting a fresh reduction to 2.75 percent. The central bank cited disappointing government spending and weak economic growth for its rate cut last month. (Reporting by Lima Newsroom; Editing by Tom Brown)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

Gold stocks down as markets continue to new highs

July 21, 2025 / www.canadianminingreport.com

TSXV Top 20 Gold market cap shifts away from exploration

July 21, 2025 / www.canadianminingreport.com

Many new players enter TSXV gold Top 25 by market cap

July 14, 2025 / www.canadianminingreport.com

Gold stocks mixed on moderate metal gain, flat equities

July 14, 2025 / www.canadianminingreport.com

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok