EMERGING MARKETS-Latam stocks, FX end week on muted note; Peru's sol slides

* Brazil inflation slightly exceeds forecasts * Peru c.bank cuts interest rate to 5.75% with inflation in target * Argentina's YPF slides on negative 2024 cash flow * Stocks flat, FX gain 0.2% (Updated at 1830 GMT) By Johann M Cherian and Shashwat Chauhan May 10 (Reuters) - Currencies and stocks in resources-rich Latin America traded in a tight range near the unchanged mark, in a muted end to a data-heavy week, while Peru's sol slipped following an interest rate decision from the local central bank. As of 1830 GMT, MSCI's index for Latin American currencies climbed 0.2%, though was set for its first weekly loss in three. The week was marked with policy decisions by central banks in the region. Brazil's real dropped to 5.15 to the dollar and was set for its worst week in four after the central bank reduced its pace of interest rate cuts, against worries of upcoming dovish monetary policy influenced by politics. Concerns of price pressures spiking were also at the fore, following data that showed consumer prices in South America's biggest economy rose 0.38% in April, slightly above economists' forecast of a 0.35% increase. On the flip side, Mexico's peso was on course for its best week in over a month, after Banxico took a cautious stance by leaving its benchmark interest rates steady at 11.00% on Thursday, given signs of inflation still above the regulator's target. Copper producer Peru's sol weakened 0.7% after the Andean nation's central bank cut its benchmark interest rate by an expected 25 bps to 5.75% after inflation slowed to the bank's target range last month. "(The) decision is consistent with a central bank that remains comfortable with the overall dynamics of the disinflation process," Goldman Sachs analysts wrote. "The materialization of these cuts will depend on the stability of the (sol), which remains a crucial input in the calibration of future policy moves." Meanwhile, a gauge Latin American stocks inched up 0.1%, with indexes in Mexico and Brazil down 0.2% each. CSN dropped 1.5% after the Brazilian steelmaker and miner posted a first-quarter net loss , hit by lower iron ore and steel prices. Suzano dropped over 1% after the Brazilian pulp and paper company, that is seeking to buy U.S.-based International Paper, reported a 96% decline in its first-quarter net profit from a year earlier. Argentina's MerVal index slid 1.5%, with YPF dropping over 5%, its worst day in over five months, if losses hold, after the state oil firm said its $5 billion spending plan for 2024 should push its free cash flow into negative territory , similar to that recorded last year. Key Latin American stock indexes and currencies: Latin American market prices from Reuters Stock indexes Latest Daily % change MSCI Emerging Markets 1071.09 0.71 MSCI LatAm 2489.22 0.14 Brazil Bovespa 127866.07 -0.25 Mexico IPC 57711.37 -0.23 Chile IPSA 6641.77 0.18 Argentina MerVal 1412634.66 -1.553 Colombia COLCAP 1393.66 0.47 Currencies Latest Daily % change Brazil real 5.1521 -0.20 Mexico peso 16.7819 -0.18 Chile peso 924.9 -0.04 Colombia peso 3887.17 0.01 Peru sol 3.715 -0.78 Argentina peso 882.5000 0.06 (interbank) Argentina peso 1020 2.45 (parallel) (Reporting by Shashwat Chauhan and Johann M Cherian in Bengaluru; editing by Diane Craft)