Peru's economy likely expanded some 4% in January, the central bank's chief economist, Adrian Armas, said in a call on Friday, in line with analysts' forecasts and a day before the government is set to publish the monthly figure.

Turkey’s central bank has lowered its key interest rate by a further 2.5 percentage points days after official figures indicated a slowdown in inflation that has eroded households’ purchasing power.

The bank cuts rates from 2.75% to 2.5% but faces pressures from threatened US tariffs and plans to boost military funding.

Peru's central bank held its benchmark interest rate at 4.75% on Thursday, in line with analysts' expectations. Peru, which has one of the lowest interest rates in Latin America, has since September 2023 gradually eased the key lending rate from a high of 7.

Perus central bank kept its benchmark interest rate steady at 4.75% on Thursday, aligning with market expectations. The decision follows a gradual easing cycle since September 2023, when the rate peaked at 7.