Peru Inflation Slows

Peru’s annual inflation slowed in October to 1.89%, from 2% in September, helped down by the decline in international oil prices. On a monthly basis, prices were up by 0.04%, versus 0.03% in September. The Bank is targeting annual inflation this year of between 1.5% and 3.5%. The Bank was expected to hold the benchmark interest rate steady at 4.5% at its meeting Thursday evening.