# Peru cuts interest rate again as prices ease but recession lingers

> Peru's central bank cut its benchmark rate by 25 basis points to 7.00% on Thursday. The bank continues to ease borrowing costs as prices moderate while the economy remains weak.

- Date: 2023-11-09 · published 2023-11-09T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/33447-peru-cuts-interest-rate-again-as-prices-ease-but-recession-lingers
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Lower Peruvian rates and softer inflation mainly affect local credit and currency, with minimal direct impact on feed commodity supply or prices.

## Read by commodity

- USDPEN: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/peru-cuts-interest-rate-again-prices-ease-recession-lingers-2023-11-09/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.