wackyraceswii| Peru cuts benchmark interest rates, inflation slows to target range

Peru cuts interest rates to two-year lowswackyraceswiiThe country's inflation rate has returned to its target range for the first time since 2021. Peru's central bank cut its key interest rate to 5.5 percent on Thursdaywackyraceswii.75%, eligible for media surveyswackyraceswiiThe expectations of 10 of the 13 analysts. Three others expect interest rates to remain at 6%. Peru has the lowest inflation rate among Latin America's major economies, so policymakers can focus on reviving an economy that fell into recession last year due to political turmoil and severe weather. Peru's inflation slowed to 2.5 percent last monthwackyraceswii.4%, and the central bank expects it to continue to decline in the coming months.