Peru's central bank holds rate at 4.5% as expected

July 10 (Reuters) - Peru's central bank on Thursday held its benchmark interest rate at 4.5% for the second time in a row, as analysts had expected.

The decision followed June data showing annual inflation in the Andean nation, the world's No. 3 copper producer, at 1.69%.

The central bank's inflation target range is from 1% to 3%, and the monetary authority said in a statement on Thursday it expected the rate to stay on the lower end of the range in the coming months.

Still, volatility persists in the world's financial markets on restrictive trade policies and uncertainty around their effects on the global economy, the central bank said.

U.S. President Donald Trump announced on Wednesday that a 50% tariff would be imposed on copper imports starting August 1.