UPDATE 1-Peru’s central bank holds benchmark rate again

(Adds details, quote)

LIMA, April 8 (BestGrowthStock) – Peru’s central bank held its
benchmark interest rate steady at 1.25 percent on Thursday as
it waits for signs of higher inflation and stronger economic
growth before raising rates from an all-time low.

The central bank’s annual inflation target is 2 percent
plus or minus a 1 percentage point tolerance band. It has said
it expects inflation to accelerate to fall within the range
later this year.

“Leading indicators show clear signs (the economy) is
regaining dynamism, but inflationary pressures have not been
observed,” the central bank said in a statement.

The inflation rate for the 12 months through March was just
0.76 percent.

Stock Today
(Reporting by Patricia Velez and Luis Andres Henao; Editing by
Carol Bishopric; editing by Carol Bishopric)

UPDATE 1-Peru’s central bank holds benchmark rate again