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.

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Peru Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-08 11:00 PM 6.75% 6.5% 7% 7.0%
2022-10-06 11:00 PM 7% 6.75% 7% 7.0%
2022-11-10 11:00 PM 7.25% 7% 7.25% 7.25%
2022-12-07 11:00 PM 7.25% 7.50%


Related Last Previous Unit Reference
Interest Rate 7.25 7.00 percent Nov 2022
Interbank Rate 0.81 0.81 percent Dec 2022
Money Supply M0 80057.00 77156.00 PEN Million Jul 2022
Money Supply M1 141426.00 138702.00 PEN Million Jul 2022
Money Supply M2 287364.00 278840.00 PEN Million Jul 2022
Foreign Exchange Reserves 74031.00 74305.00 USD Million Oct 2022
Loans to Private Sector 255929.43 256588.91 PEN Million Oct 2022

Peru Interest Rate
In Peru, the interest rates decisions are taken by the Board of Central Reserve Bank of Peru (Banco Central de Reserva del Perú BCRP). The official interest rate is the reference interest rate.
Actual Previous Highest Lowest Dates Unit Frequency
7.25 7.00 8.90 0.25 2000 - 2022 percent Daily

News Stream
Peru Lifts Interest Rate 25bps to 7.25%
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.
2022-11-10
Peru Raises Rates by 25bps to 7%
Peru’s central bank decided to raise the policy rate for a fifteenth straight month to 7% in October 2022 to tackle stubbornly high inflation, with a 25 basis point increase as the bank noted easing inflationary pressures. The country’s annual inflation rate rose to 8.53% in September from 8.4% the previous month, remaining above 8% for a fifth consecutive month. The bank projects a deceleration in inflation moving forward due to moderating international food and energy prices. It also sees declining prospects for global growth due to the reversal of stimulus measures in advanced economies, geopolitical conflicts, and persistent bottlenecks in the global supply chain.
2022-10-06
Peru’s Central Bank Slows the Pace of Rate Hikes
Peru’s central bank decided to raise the policy rate for a fourteenth straight month to 6.75% in September 2022 to tackle stubbornly high inflation, but delivered a smaller-than-expected 25 basis point increase as the bank noted easing inflationary pressures. The country’s annual inflation rate decreased from 8.74% in July to 8.4% in August, slowing for the second month but remaining well above the target range. The inflation rate without food and energy also fell from 5.44% in July to 5.39% in August. The bank projects further deceleration in inflation moving forward due to moderating international food and energy prices. It also sees declining prospects for global growth due to the reversal of stimulus measures in advanced economies, geopolitical conflicts and persistent bottlenecks in the global supply chain.
2022-09-08