Peru's central bank kept its reference interest rate on hold at 7.75 percent in its May 2023 meeting, as expected. The bank noted that the pause does not necessarily imply the end of the tightening cycle and future adjustments will be based on inflation evolutions. The country’s annual inflation rate decreased to 8.65% in March from 8.4% in February, remaining well above the upper limit of the target range. Meanwhile, the annual inflation rate excluding food and energy increased to 5.92% in March from 5.87% in February. A downward trend in year-on-year inflation is forecasted since March, with a return to the target range in the fourth quarter of 2023, due to moderated international food and fuel prices. . source: Central Reserve Bank of Peru

Interest Rate in Peru averaged 3.60 percent from 2000 until 2023, 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 June of 2023.

Interest Rate in Peru is expected to be 7.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Peru Interest Rate is projected to trend around 4.50 percent in 2024, according to our econometric models.

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Peru Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-03-09 11:00 PM 7.75% 7.75% 7.75% 7.75%
2023-04-13 11:00 PM 7.75% 7.75% 7.75% 7.75%
2023-05-11 11:00 PM 7.75% 7.75% 7.75% 7.75%
2023-06-08 11:00 PM 7.75% 7.75% 7.75%


Related Last Previous Unit Reference
Interest Rate 7.75 7.75 percent May 2023
Interbank Rate 0.81 0.81 percent Jun 2023
Money Supply M1 143945.00 50922.00 PEN Million Jan 2023
Money Supply M0 80473.00 -8948.00 PEN Million Jan 2023
Money Supply M2 296293.00 196800.00 PEN Million Jan 2023
Foreign Exchange Reserves 74687.00 72845.00 USD Million Apr 2023
Loans to Private Sector 254289.00 253968.26 PEN Million Apr 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
7.75 7.75 8.90 0.25 2000 - 2023 percent Daily

News Stream
Peru Leaves Key Rate on Hold at 7.75%
Peru's central bank kept its reference interest rate on hold at 7.75 percent in its May 2023 meeting, as expected. The bank noted that the pause does not necessarily imply the end of the tightening cycle and future adjustments will be based on inflation evolutions. The country’s annual inflation rate decreased to 8.65% in March from 8.4% in February, remaining well above the upper limit of the target range. Meanwhile, the annual inflation rate excluding food and energy increased to 5.92% in March from 5.87% in February. A downward trend in year-on-year inflation is forecasted since March, with a return to the target range in the fourth quarter of 2023, due to moderated international food and fuel prices. .
2023-05-11
Peru Keeps Key Rate on Hold at 7.75%
Peru's central bank left its reference interest rate unchanged at 7.75 percent in April 2023, as widely expected. The bank noted that the pause does not necessarily imply the end of the tightening cycle and future adjustments will be based on inflation evolutions. The country’s annual inflation rate decreased to 8.4% in March from 8.66% in February, remaining well above the upper limit of the target range. Meanwhile, the annual inflation rate excluding food and energy increased to 5.92% in March from 5.87% in February. A downward trend in year-on-year inflation is forecasted since March, with a return to the target range in the fourth quarter of 2023, due to moderated international food and fuel prices.
2023-04-13
Peru Leaves Key Rate Unchanged at 7.75%
Peru's central bank kept its reference interest rate on hold at 7.75 percent in March 2023, as expected. The bank decided to hold its key rate noting that the pause does not necessarily imply the end of the tightening cycle and future adjustments will be based on inflation evolutions. The country’s annual inflation rate increased to 8.66% in January from 8.46% in December, remaining well above the upper limit of the target range. Meanwhile, the annual inflation rate excluding food and energy increased to 5.80% in January from 5.59% in December. A downward trend in year-on-year inflation is forecasted since March, with a return to the target range in the fourth quarter of 2023, due to moderated international food and fuel prices. The board mentioned that most leading economic activity indicators remain in pessimistic territory in January, while the outlook for global economic activity has improved slightly.
2023-03-09