Peru’s central bank decided to raise the policy rate for a fourteenth straight month to 6.75% in September 2022 to tackle stubbornly high inflation, but delivered a smaller-than-expected 25 basis point increase as the bank noted easing inflationary pressures. The country’s annual inflation rate decreased from 8.74% in July to 8.4% in August, slowing for the second month but remaining well above the target range. The inflation rate without food and energy also fell from 5.44% in July to 5.39% in August. The bank projects further deceleration in inflation moving forward due to moderating international food and energy prices. It also sees declining prospects for global growth due to the reversal of stimulus measures in advanced economies, geopolitical conflicts and persistent bottlenecks in the global supply chain. source: Central Reserve Bank of Peru

Interest Rate in Peru averaged 3.48 percent from 2000 until 2022, 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 September of 2022.

Interest Rate in Peru is expected to be 7.00 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 8.50 percent in 2023, according to our econometric models.

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Peru Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-07 11:00 PM 6% 5.5% 6% 6.0%
2022-08-11 11:00 PM 6.5% 6% 6.5% 6.5%
2022-09-08 11:00 PM 6.75% 6.5% 7% 7.0%
2022-10-06 11:00 PM 6.75% 7.0%
2022-11-10 11:00 PM
2022-12-07 11:00 PM


Related Last Previous Unit Reference
Interest Rate 6.75 6.50 percent Sep 2022
Interbank Rate 0.81 0.81 percent Sep 2022
Money Supply M1 141426.00 138702.00 PEN Million Jul 2022
Money Supply M0 80057.00 77156.00 PEN Million Jul 2022
Money Supply M2 287364.00 278840.00 PEN Million Jul 2022
Foreign Exchange Reserves 73996.00 74206.00 USD Million Aug 2022
Loans to Private Sector 258680.77 262844.08 PEN Million Aug 2022

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
6.75 6.50 8.90 0.25 2000 - 2022 percent Daily

News Stream
Peru’s Central Bank Slows the Pace of Rate Hikes
Peru’s central bank decided to raise the policy rate for a fourteenth straight month to 6.75% in September 2022 to tackle stubbornly high inflation, but delivered a smaller-than-expected 25 basis point increase as the bank noted easing inflationary pressures. The country’s annual inflation rate decreased from 8.74% in July to 8.4% in August, slowing for the second month but remaining well above the target range. The inflation rate without food and energy also fell from 5.44% in July to 5.39% in August. The bank projects further deceleration in inflation moving forward due to moderating international food and energy prices. It also sees declining prospects for global growth due to the reversal of stimulus measures in advanced economies, geopolitical conflicts and persistent bottlenecks in the global supply chain.
2022-09-08
Peru Lifts Key Rate to 6.5% to Curb Inflation
Peru’s central bank decided to raise the policy rate for a thirteenth straight month by 50 basis points to 6.5% in August 2022,in line with expectations as it seeks to curb soaring inflation that remains near 25-year highs. The country’s annual inflation rate rose 8.74% in July, not far from the 8.1% gain posted in June which was the highest since July 1997 amid elevated levels of food and energy prices globally. Meanwhile, the inflation rate without food and energy also increased to 5.44% in July from 4.95% in June, well above the upper limit of the central bank’s target range. The bank reiterated its forecast that inflation will return within its target band of 1-3% by the second half of 2023. It also projects further deceleration in inflation moving forward due to moderating international food and energy prices.
2022-08-12
Peru Lifts Key Rate to 6% as Inflation Rages On
Peru’s central bank decided to raise the policy rate for a twelfth straight month by 50 basis points to 6% in July 2022, in line with expectations as it seeks to curb soaring inflation that has accelerated to a 25-year high. The country’s annual inflation rate rose 8.81% in June from 8.09% in the previous month, the highest since July 1997, driven by significant increases in global food and energy prices. The inflation rate without food and energy also increased 4.95% in June from 4.23% in May, remaining above the upper limit of the central bank’s target range. The bank expects the annual inflation rate to begin on its downward path in July of this year due to the moderation of the effect of international prices of food and energy and an economy still below its potential level. Most of the leading indicators and expectations about the economy deteriorated in June and the outlook remains pessimistic.
2022-07-07