Peru's central bank decided to raise its benchmark policy rate by 50bps to 1.5 percent on October 7th, the third consecutive increase and in line with market expectations amid persistent inflation. Yet, policymakers reinforced that monetary policy continues to be expansionary with a historically low benchmark interest rate and that this decision does not imply necessarily a cycle of successive increases in the reference interest rate. The annual inflation rate in Peru accelerated for a fifth straight month to 5.23% in September, the highest rate since February of 2009. source: Central Reserve Bank of Peru
Interest Rate in Peru averaged 3.44 percent from 2000 until 2021, reaching an all time high of 8.90 percent in January of 2001 and a record low of 0.25 percent in April of 2020. This page provides - Peru Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Peru Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Interest Rate in Peru is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Peru Interest Rate is projected to trend around 1.75 percent in 2022, according to our econometric models.