Peru’s central bank, the BCRP, has maintained its benchmark interest rate at 4.25% for the tenth consecutive month. The decision comes despite a recent decrease in annual inflation, which fell to 3.9% in May. However, this figure remains above the central bank’s target range. The BCRP cited a continued positive performance of the Peruvian economy as a factor in its decision. Officials stated they will continue to closely monitor price developments and are prepared to implement further measures if required. The bank’s stance suggests a cautious approach, balancing economic growth with the need to control inflation. This sustained rate signals a wait-and-see approach to monetary policy.