The Central Reserve Bank of Peru held its benchmark interest unchanged at a historic low of 0.25% on 11 June 2020. Policymakers noted inflation edged up to 1.8 percent in May from 1.7 percent in April, adding that inflation is expected to remain below target during the year. Also, they noted that economic activity has been “severely affected” by the pandemic and social isolation measures, while acknowledging that confidence did improve in May after the relaxation of some distancing restrictions. Policymakers added that they will continue to monitor incoming information to take further policy action if necessary.

Interest Rate in Peru averaged 3.64 percent from 2000 until 2020, 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 July of 2020. source: Central Reserve Bank of Peru

Interest Rate in Peru is expected to be 0.25 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 0.25 in 12 months time. In the long-term, the Peru Interest Rate is projected to trend around 0.75 percent in 2021 and 1.50 percent in 2022, according to our econometric models.

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Peru Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.25 0.25 8.90 0.25 2000 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-03-12 11:00 PM 2.25% 2.25% 2.25%
2020-04-16 11:00 PM 0.25% 1.25% 1.25%
2020-05-07 11:00 PM 0.25% 0.25% 0.25% 0.25%
2020-06-11 11:30 PM 0.25% 0.25% 0.25% 0.25%
2020-07-09 11:00 PM 0.25% 0.25% 0.25%
2020-08-13 11:00 PM 0.25%
2020-09-10 11:00 PM 0.25%
2020-10-07 11:00 PM 0.25%


News Stream
Peru Holds Interest Rate at 0.25%
The Central Reserve Bank of Peru held its benchmark interest unchanged at a historic low of 0.25% on 11 June 2020. Policymakers noted inflation edged up to 1.8 percent in May from 1.7 percent in April, adding that inflation is expected to remain below target during the year. Also, they noted that economic activity has been “severely affected” by the pandemic and social isolation measures, while acknowledging that confidence did improve in May after the relaxation of some distancing restrictions. Policymakers added that they will continue to monitor incoming information to take further policy action if necessary.
2020-06-11
Peru Holds Interest Rate at 0.25%
The Central Reserve Bank of Peru held its benchmark interest unchanged at a historic low of 0.25% on 7 May 2020 after cutting it by 100bps in its April meeting. Policymakers noted inflation declined to 1.7 percent in April from 1.8 percent in March, and that economic activity has been severely affected by temporary supply and demand shocks amid the coronavirus crisis. They also added that private GDP forecasts deteriorated significantly. The Committee projected that the inflation will hit the lower-bound inflation target on the back of weak domestic demand. Policymakers said that they will continue to monitor incoming information to take further policy action if necessary.
2020-05-07
Peru Cuts Interest Rate to 0.25%
The Central Reserve Bank of Peru cut its benchmark interest by 100bps to a historic low of 0.25 percent in its April 2020 meeting following a 100 bps cut in an emergency March reunion. The move follows a similar margin cut at an emergency meeting on March 19th. Policymakers noted that economic activity has been severely affected by temporary supply and demand shocks amid the coronavirus crisis. The Committee projected that the inflation will hit the lower-bound inflation target on the back of weak domestic demand. Policymakers said that they will continue to monitor incoming information to take further policy action if necessary.
2020-04-16
Peru Keeps Interest Rate at 2.25%
The Central Reserve Bank of Peru held its benchmark interest at 2.25 percent during its second policy meeting of 2020. Policymakers noted that the annual inflation rate remained at 1.9 percent in February and it is expected to 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 the novel coronavirus outbreak have increased and that financial volatility has significantly escalated, while also mentioning that both inflationary and business expectations deteriorated in February. Policymakers added that they will closely monitor new inflation data in order to consider changes to monetary policy.
2020-03-12

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.