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)

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