The Central Reserve Bank of Peru (CRBP), the central bank of the South American country, held the benchmark interest rate at 2.75 percent as expected on Thursday, reports Reuters.
A majority of analysts polled by Reuters this week predicted the rate would be held.
The central bank said it would closely watch inflation in the coming months and would consider, “if necessary, modifications in its position with respect to the interest rate.”
The CRBP cut its benchmark rate by 25 basis points in March to reactivate an economy dogged by months of political uncertainty and flagging investment in the world’s number two copper producer.