The Central Reserve Bank of Peru held its benchmark interest at 2.25 percent during its second policy meeting of 2020, as widely expected. Policymakers noted that the annual inflation rate remained at 1.9 percent in January and it is expected be around 2 percent over the forecast horizon, with a moderate downside bias due to the possibility of a lower-than expected domestic demand growth. The Committee said that global growth risks from trade tensions have attenuated, although the impact of the coronavirus is still uncertain. Policymakers added that they will closely monitor new inflation data in order to consider changes to monetary policy.
Interest Rate in Peru averaged 3.70 percent from 2000 until 2020, reaching an all time high of 8.90 percent in January of 2001 and a record low of 0.90 percent in August of 2003. This page provides - Peru Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Reserve Bank of Peru
Interest Rate in Peru is expected to be 2.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Peru to stand at 2.25 in 12 months time. In the long-term, the Peru Interest Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.