January 11, 2018 / 11:14 PM / a year ago

Peru cenbank cuts interest rate to 3 pct as widely expected

LIMA, Jan 11 (Reuters) - Peru’s central bank lowered the benchmark interest rate to 3 percent as widely expected on Thursday, citing weak economic growth and slowing inflation.

Eight out of nine analysts polled by Reuters had forecast the 25-basis-point reduction to the key rate, with one forecasting a hold at 3.25 percent. (Reporting By Mitra Taj; Editing by Chris Reese)

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