Peru's central bank also held the interest rate at 4.25% at its January meeting, while the bank last raised the monetary policy reference rate by 25 basis points to 4.25% in May last year. Peru reported annual inflation of 4.74% in December, up from 4.2% in October, up from 3.73% in September, 3.35% in August and July, and compared to 2.9% in June, 3.07% in May, 3.34% in April, and above the Bank's 1-3% inflation target.
The Bank's next Monetary Policy meeting will be held on the 8th of March 2012. The Peruvian Nuevo Sol (PEN) last traded around 2.68 against the US dollar, with the PEN gaining approx. 3% over the past year.