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Peru's central bank holds key rate steady for eighth month

LIMA, Oct 13 (Reuters) - Peru's central bank held the benchmark interest rate steady at 4.25 percent for the eight month in a row on Thursday as expected as inflation remains near the upper limit of the bank's target range.

All nine economists polled by Reuters had forecast the rate hold, which followed a slight increase in the annual inflation rate to 3.13 percent last month -- above the central bank's 1-3 percent target range.

(Reporting By Mitra Taj; Editing by Sandra Maler)