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LIMA, Jan 14 (Reuters) - Peru's central bank raised its benchmark interest rate to 4 percent on Thursday as expected, its second hike in a row as it battles to keep inflation expectations from rising further.
Eight of 14 economists surveyed by Reuters had predicted the 25 basis-point increase after inflation surprised on the upside for a third straight month in December and private forecasts for 2016 inflation crept higher. (Reporting By Mitra Taj; Editing by Alan Crosby)