December 15, 2016 / 11:13 PM / 2 years ago

Peru central bank holds key rate steady for 10th month in a row

LIMA, Dec 15 (Reuters) - Peru’s central bank held the benchmark interest rate steady at 4.25 percent for the tenth month in a row as expected on Thursday, but warned that a drought was affecting inflation and that construction and manufacturing activity has been weak.

All 14 economists polled by Reuters had forecast the rate hold, which came a day after the Federal Reserve’s decision to hike interest rates dampened demand for the local sol currency. (Reporting By Mitra Taj; Editing by Chris Reese)

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