Peru Holds Interest Rate at 4.25% as Gas Crisis Fuels Inflation

2026-03-13 - 13:53

Key Points — Peru’s central bank held its benchmark rate at 4.25% for a fourth straight meeting as annual inflation accelerated to 2.21%, its fastest pace since 2024 — A pipeline rupture at the Camisea gas field on March 1 slashed natural gas supply to 9% of normal, triggering rationing, fuel price spikes, and school