FX.co ★ Peru Lowers Interest Rates to 5.75% in May 2024

In a recent move to stimulate the economy, the Central Bank of Peru has announced a decrease in interest rates from 6.00% to 5.75%. The decision comes as the country aims to boost economic growth following the previous indicator of 6.00% in April 2024. The interest rate change, effective since May 2024, reflects the central bank's efforts to support borrowing and spending to drive economic expansion.

The updated interest rate decision was revealed on May 9, 2024, signaling the central bank's commitment to maintaining a supportive monetary policy stance. The move is expected to encourage investment and consumer spending, ultimately fostering economic recovery and stability in Peru. As the country navigates its economic challenges, the interest rate cut demonstrates proactive measures to address current financial conditions and promote sustainable growth.