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.


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Peru Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.25 2.25 8.90 0.90 2000 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-11-07 11:00 PM 2.25% 2.5% 2.5% 2.5%
2019-12-12 11:30 PM 2.25% 2.25% 2.25% 2.25%
2020-01-10 12:00 AM 2.25% 2.25% 2.25% 2.25%
2020-02-13 11:00 PM 2.25% 2.25% 2.25% 2.25%
2020-03-12 11:00 PM 2.25% 2.25%
2020-04-16 11:00 PM 2.25%
2020-05-07 11:00 PM 2.25%
2020-06-11 11:00 PM 2.25%


News Stream
Peru Holds 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, 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.
2020-02-13
Peru Holds Interest Rates as Expected
The Central Reserve Bank of Peru held its benchmark interest at 2.25 percent during its first policy meeting of 2020, after trimming it twice last year amid concerns of an economic slowdown. Policymakers said inflation is expected to be around 2.0 percent over the forecast horizon, with a moderate downside bias due to the possibility of a lower-than-expected increase in domestic demand, while global growth risks from trade tensions have attenuated.
2020-01-10
Peru Holds Interest Rate at 2.25%
The Central Reserve Bank of Peru left its benchmark interest unchanged at 2.25 percent at its December 2019 meeting, after trimming it by 25 bps in its previous meeting leaving borrowing costs at its lowest since 2010, amid concerns of an economic slowdown. Policymakers underscored that there is a moderate downside risk for growth due to a subdued domestic demand. The Committee noted that the annual inflation rate remained below the target range at 1.87 percent in November (vs 1.88 percent in October), and it is expected to be around 2 percent on the projected horizon. Policymakers added that they will closely monitor new data to evaluate any adjustments to monetary policy.
2019-12-12
Peru Cuts Interest Rate to 2.25%
The Central Reserve Bank of Peru lowered its benchmark interest by 25 bps to 2.25 percent at its November 2019 meeting. It is the second rate cut so far this year, bringing borrowing costs to the lowest since 2010, amid concerns of an economic slowdown. Policymakers said that the decision does not necessarily imply additional interest rate reductions and added that will monitor new inflation data to take actions if necessary. The Committee noted that the annual inflation rate remained below the target range at 1.88 percent in October (vs 1.85 percent in September), and it is expected to be around 2 percent on the projected horizon, with a downward bias due to the possibility of a slower-than-expected growth in domestic demand.
2019-11-07

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.