Peru’s central bank is expected to keep the monetary policy rate at 5% instead of the previously predicted 4.5% for 2024. Annual inflation increased from 2.01% in October to 2.27% in November, with a monthly rate of 0.09%, surpassing market expectations. The central bank is expected to maintain the 5% rate in its next meeting on December 12, with the CPI now forecast to rise between 2.3% and 2.4% for the year, according to analysts from Scotiabank.