The Central Reserve Bank of Peru held its benchmark interest at an all-time low of 0.25% on 11 February 2021, as widely expected. Policymakers noted that inflation jumped to 2.7 percent in January from 2 percent in December 2020 nudged mainly by supply-side factors. The Committee said that while economic activity has gained steam, it moderated in the last few months and still remains well below prepandemic levels. Policymakers said that it is appropriate to maintain a strongly expansionary monetary stance for a prolonged period and as long as the negative effects of the pandemic on inflation and its determinants persist and added that is attentive to expand the monetary stimulus under different modalities. source: Central Reserve Bank of Peru

Interest Rate in Peru averaged 3.53 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 February of 2021.

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 0.50 in 12 months time. In the long-term, the Peru Interest Rate is projected to trend around 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 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-11-12 11:00 PM 0.25% 0.25% 0.25% 0.25%
2020-12-10 11:00 PM 0.25% 0.25% 0.25% 0.25%
2021-01-15 02:00 AM 0.25% 0.25% 0.25% 0.25%
2021-02-11 11:30 PM 0.25% 0.25% 0.25%
2021-03-11 11:00 PM 0.25%
2021-04-08 11:00 PM
2021-05-13 11:00 PM
2021-06-10 11:00 PM


News Stream
Peru Holds Interest Rate at 0.25%
The Central Reserve Bank of Peru held its benchmark interest at an all-time low of 0.25% on 11 February 2021, as widely expected. Policymakers noted that inflation jumped to 2.7 percent in January from 2 percent in December 2020 nudged mainly by supply-side factors. The Committee said that while economic activity has gained steam, it moderated in the last few months and still remains well below prepandemic levels. Policymakers said that it is appropriate to maintain a strongly expansionary monetary stance for a prolonged period and as long as the negative effects of the pandemic on inflation and its determinants persist and added that is attentive to expand the monetary stimulus under different modalities.
2021-02-11
Peru Holds Interest Rate at Record Low
The Central Reserve Bank of Peru held its benchmark interest at an all-time low of 0.25% on 14 January 2020, as widely expected. Policymakers noted inflation declined 1.97 percent in December from 2.14 percent in November 2020, retreating from the highest since June of 2018. The Committee said that while economic activity has gained steam, it still remains well below 2019 levels. Policymakers said that it is appropriate to maintain a strongly expansionary monetary stance for a prolonged period and as long as the negative effects of the pandemic on inflation and its determinants persist and added that is attentive to expand the monetary stimulus under different modalities.
2021-01-15
Peru Holds Interest Rate at 0.25%
The Central Reserve Bank of Peru held its benchmark interest at an all-time low of 0.25% on 10 December 2020, as widely expected. Policymakers noted inflation increased to 2.14 percent in November 2020, the highest since June last year, from 1.72 percent in the previous month. The Committee added that leading indicators expanded above expectations, but added that activity remains well below 2019 levels. Policymakers said that it is appropriate to maintain a strongly expansionary monetary stance for a prolonged period and as long as the negative effects of the pandemic on inflation and its determinants persist and added that is attentive to expand the monetary stimulus under different modalities.
2020-12-10
Peru Leaves Interest Rate at 0.25%
The Central Reserve Bank of Peru held its benchmark interest at an all-time low of 0.25% on 12 November 2020, as widely expected. Policymakers noted inflation declined to 1.72 percent in October from 1.82 percent in September boosted by higher cost of services, and projected that inflation will remain below target during this year and the next due to subdued demand. The Committee added that economic activity improved in October, but still remained well below 2019 levels. Policymakers said that it is appropriate to maintain a strongly expansionary monetary stance for a prolonged period and as long as the negative effects of the pandemic on inflation and its determinants persist and added that is attentive to expand the monetary stimulus under different modalities.
2020-11-12

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.