March 8, 2018 / 11:14 PM / 8 months ago

Peru central bank cuts key rate to 2.75 percent

LIMA, March 8 (Reuters) - Peru’s central bank lowered the benchmark interest rate by 25 basis points to 2.75 percent on Thursday and said inflation will likely fall to under 1 percent this month, below its 1-3 percent target range.

Seven out of 10 economists polled by Reuters had forecast the rate cut, with the remaining three expecting a hold. (Reporting By Lima Newsroom Editing by Chris Reese)

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