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. source: Central Reserve Bank of Peru

Interest Rate in Peru averaged 3.47 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 August 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
2022-06-09 11:00 PM 5.5% 5% 5.5% 5.5%
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
2022-10-06 11:00 PM
2022-11-10 11:00 PM


Related Last Previous Unit Reference
Interest Rate 6.50 6.00 percent Aug 2022
Interbank Rate 0.81 0.81 percent Aug 2022
Money Supply M1 138128.00 139077.00 PEN Million May 2022
Money Supply M0 77777.00 78970.00 PEN Million May 2022
Money Supply M2 279791.00 281229.00 PEN Million May 2022
Foreign Exchange Reserves 74206.00 73420.00 USD Million Jul 2022
Loans to Private Sector 258542.70 258432.44 PEN Million Jun 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
6.50 6.00 8.90 0.25 2000 - 2022 percent Daily

News Stream
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
Peru Lifts Key Rate to 5.5% Amid Rising Inflation
Peru’s central bank decided to raise the policy rate for an eleventh straight month by 50 basis points to 5.5% in June 2022, in line with expectations as it seeks to curb soaring inflation that has accelerated to a more than two-decade high. The country’s annual inflation rate rose 8.09% in May from 7.96% in the previous month, the highest since 1998, driven by significant increases in global food and energy prices amid the conflict between Russia and Ukraine. The bank expects the annual inflation rate to begin on its downward path in July of this year due to the reversal of various factors affecting inflation and its outlook. “The board is especially attentive to new information regarding inflation and its determinants, including the evolution of inflation expectations and activity to consider further changes in the monetary policy stance that guarantee the return of inflation to the target range in the projected horizon,” the bank said.
2022-06-09