SANTIAGO, Nov 7 (Reuters) - Peru’s central bank said on Thursday it cut its benchmark interest rate to 2.25% from 2.5% previously.
The rate cut is the second this year, as the bank had cut the rate from 2.75% to 2.5% in August.
The central bank cut the rate amid growing expectations for an economic slowdown in the world’s No. 2 copper producer, but said the cut did “not necessarily imply additional interest rate reductions.”
Reporting by Marco Aquino, writing by Aislinn Laing, editing by Chris Reese