Peru’s central bank kept its interest rates unchanged at 4.75% on Thursday, as policymakers assess the inflationary impact of global trade wars. The bank noted positive local inflation trends but highlighted increased global economic risks due to the uncertainty surrounding restrictive foreign trade measures. In February, Peru’s annual inflation slowed to 1.5%, with expectations for it to further cool to around 1% in March. The bank forecasts a 3% economic expansion for 2025. Meanwhile, Peru is preparing to send a delegation to the US to prevent tariffs on its copper exports.