The central bank of Peru held the benchmark interest rate unchanged at 0.25 percent on Thursday 9 March 2021, as widely expected. Policymakers underscored that annual inflation increased from 2.4 percent in February to 2.6 percent in March amid rising food prices. The central bank projects that inflation will remain in the lower bound of the target throughout 2021 and 2022. The Board also noted that considers it appropriate to maintain an expansionary monetary stance for as long as the negative effects of the pandemic on inflation persists. source: Central Reserve Bank of Peru

Interest Rate in Peru averaged 3.50 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 May 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
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% 0.25% 0.25%
2021-04-08 11:00 PM 0.25% 0.25% 0.25%
2021-05-13 11:00 PM 0.25% 0.25%
2021-06-10 11:00 PM
2021-07-08 11:00 PM
2021-08-12 11:00 PM


News Stream
Peru Holds Interest Rate at 0.25%
The central bank of Peru held the benchmark interest rate unchanged at 0.25 percent on Thursday 9 March 2021, as widely expected. Policymakers underscored that annual inflation increased from 2.4 percent in February to 2.6 percent in March amid rising food prices. The central bank projects that inflation will remain in the lower bound of the target throughout 2021 and 2022. The Board also noted that considers it appropriate to maintain an expansionary monetary stance for as long as the negative effects of the pandemic on inflation persists.
2021-04-08
Peru Holds Interest Rate at 0.25%
The central bank of Peru held the benchmark interest rate unchanged at 0.25 percent on Thursday 11 March 2021, as widely expected. Policymakers underscored that annual inflation declined to 2.4 percent in February from 2.7 percent in January, citing as main driver the softening of food inflation related to the normalization supply-side factors. The central bank projects that inflation will remain in the lower bound of the target throughout 2021 and 2022; and to lie at the lower part of the range by the end of 2022, as economic activity is expected to remain below its potential level. The Board also revealed that considers it appropriate to maintain a strong expansionary monetary stance for as long as the negative effects of the pandemic on inflation and its determinants persist.
2021-03-11
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 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.