Peru Unexpectedly Holds Rate as Price Jump Seen as Temporary

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Carla Samon Ros October 7, 2026 at 11:04 PM UTC Updated on October 7, 2026 at 11:24 PM UTC Takeaways by Bloomberg AI Peru unexpectedly left borrowing costs unchanged for a 13th straight month as policymakers expect a recent acceleration in inflation to prove temporary. The central bank, led by veteran Governor Julio Velarde, held its key rate at 4.25% on Wednesday. The decision surprised nine of the 13 economists surveyed by Bloomberg who had expected a quarter-point hike, while only four forecast no change.