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.

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Peru Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-08 11:00 PM 0.25% 0.25% 0.25% 0.25%
2021-08-12 11:00 PM 0.5% 0.25% 0.25% 0.25%
2021-09-09 11:00 PM 1% 0.5% 0.75% 0.75%
2021-10-07 11:00 PM 1.5% 1% 1.5% 1.5%
2021-11-11 11:00 PM 1.5%
2021-12-09 11:00 PM


News Stream
Peru Hikes Interest Rate for 3rd Straight Month
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.
2021-10-07
Peru Hikes Interest Rate to 1%
Peru's central bank decided to raise its benchmark policy rate by 50bps to 1 percent on September 9th, surprising markets that expected a smaller 25bps hike and following a 25bps increase in the previous month. Policymakers noted 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 fourth straight month to 4.95% in August, the highest rate since February of 2009.
2021-09-09
Peru Unexpectedly Hikes Rates
Peru's central bank decided to raise its benchmark policy rate by 25 bps to 0.5 percent on August 12th, surprising markets that expected it unchanged. Policymakers underscored that annual inflation increased from 3.25 percent in June to 3.81 percent in July, being temporarily above the target range amid rising food prices. The central bank projects that inflation will return to the target range in the next twelve months and will then remain in that range for the rest of next year. The Board considers it appropriate to maintain an expansionary monetary stance for as long as the negative effects of the pandemic on inflation persists.
2021-08-12
Peru Holds Rates
The central bank of Peru left the benchmark interest rate unchanged at 0.25 percent on July 9th of 2021, together with liquidity injections in order to continue with its expansionary monetary policy. The board noted that twelve-month inflation expectations increased to 2.60 percent in June from 2.43 percent in May, with most leading economic indicators deteriorating in June. Policymakers considered it was appropriate to maintain an expansive stance as long as the side effects of the pandemic on inflation persists. Consumer prices in the country rose by 3.25% yoy in June, the most since April 2017, after a 2.45% gain in May. The central bank added that a more pronounced recovery in global economic activity is expected in the coming quarters as both COVID-19 vaccinations and fiscal stimulus continues.
2021-07-08

Peru Last Unit Reference Previous Highest Lowest
Interest Rate 1.50 percent Oct/21 1.00 8.90 0.25
Interbank Rate 0.81 percent Oct/21 0.81 551.65 0.04
Money Supply M1 153316.00 PEN Million Jul/21 148322.00 155559.00 0.00
Money Supply M0 81530.00 PEN Million Jul/21 77895.00 81530.00 592.00
Money Supply M2 301457.00 PEN Million Jul/21 292762.00 308175.00 1535.00
Foreign Exchange Reserves 76054.00 USD Million Sep/21 74459.00 79942.00 -352.00
Loans to Private Sector 250027.58 PEN Million Aug/21 251541.02 251541.02 31413.79


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.