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.