The benchmark interest rate in Peru was last recorded at 7.25 percent in November up 25bps from the previous meeting. The twelve-month inflation rate fell from 8.53 percent in September to 8.28 percent in October, while the twelve-month inflation rate excluding food and energy increased from 5.51 percent in September to 5.72 percent in October. Both indicators were above the upper limit of the inflation target range. The significant increase in international energy and food prices since the second half of last year, accentuated by international conflicts, has led to a sharp increase in global inflation rates in magnitudes not seen in many years and towards significantly higher levels to the inflation targets of central banks, both in advanced economies and in the region. source: Central Reserve Bank of Peru
Interest Rate in Peru averaged 3.51 percent from 2000 until 2022, 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 December of 2022.
Interest Rate in Peru is expected to be 7.50 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 6.50 percent in 2023, according to our econometric models.