Peru’s central bank held its benchmark interest rate at 7.75%. The bank stated that this pause doesn’t necessarily mean the end of its monetary tightening cycle, with future decisions depending on new inflation data. In June, the annual inflation rate cooled to 6.46% from 7.89% in May, and the core inflation rate slowed to 5.21% from 5.52% in May, though both rates remained above the inflation target range’s upper limit.