The Central Reserve Bank of Peru held its benchmark interest unchanged at a historic low of 0.25% on 7 May 2020 after cutting it by 100bps in its April meeting. Policymakers noted inflation declined to 1.7 percent in April from 1.8 percent in March, and that economic activity has been severely affected by temporary supply and demand shocks amid the coronavirus crisis. They also added that private GDP forecasts deteriorated significantly. The Committee projected that the inflation will hit the lower-bound inflation target on the back of weak domestic demand. Policymakers said that they will continue to monitor incoming information to take further policy action if necessary.
Interest Rate in Peru averaged 3.65 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 May 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 1.00 percent in 2021 and 1.75 percent in 2022, according to our econometric models.