A worker walks pasts the logo of the Central Reserve Bank of Peru (BCRP) inside its headquarters building in Lima, Peru June 16, 2017.
REUTERS/Mariana Bazo/File Photo Acquire Licensing RightsSept 14 (Reuters) - Peru's central bank on Thursday cut its benchmark interest rate by 25 basis points to 7.5% after holding the rate steady for eight straight months, as the monetary authority in the Andean nation sees inflation easing.
The central bank first held the rate steady in February following an aggressive series of hikes that began in August 2021.
Despite inflation easing, the bank said on Thursday that its decision does not necessarily imply a cycle of successive reductions in the interest rate.
Peru's annual inflation rate in August slowed to 5.58%, the lowest since September 2021.
Persons:
Mariana Bazo, Carolina Pulice, Brendan O'Boyle
Organizations:
Central Reserve Bank of, REUTERS, Thomson
Locations:
Central Reserve Bank of Peru, Lima , Peru, Peru, Chile, Brazil, Uruguay, Lincoln