Peru's central bank decided to raise its reference interest rate by 50 basis points to 2 percent on November 11th, in line with market expectations and following another 50 basis point increase in the previous month. The Central Reserve Bank of Peru noted that monetary policy continues to be expansionary with a historically low benchmark interest rate and that this decision does not necessarily imply a cycle of successive increases in the reference interest rate, but takes into account the country's elevated inflation levels. The annual inflation rate in Peru accelerated for a sixth straight month to 5.8 percent in October, from 5.2 in the previous month. It is the highest reading since January of 2009, as the country’s political unrest and pandemic recovery efforts elevated consumer prices. source: Central Reserve Bank of Peru

Interest Rate in Peru averaged 3.43 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 December of 2021.

Interest Rate in Peru is expected to be 2.00 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 2.75 percent in 2022 and 2.25 percent in 2023, according to our econometric models.

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Peru Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-09-09 11:00 PM 1% 0.5% 0.75% 0.75%
2021-10-07 11:00 PM 1.5% 1% 1.5% 1.5%
2021-11-11 11:00 PM 2% 1.5% 2% 2%
2021-12-09 11:00 PM 2% 2.5%


Related Last Previous Unit Reference
Interest Rate 2.00 1.50 percent Nov/21
Interbank Rate 0.81 0.81 percent Dec/21
Money Supply M1 91344.00 153734.00 PEN Million Sep/21
Money Supply M0 90736.00 81604.00 PEN Million Sep/21
Money Supply M2 96829.00 300563.00 PEN Million Sep/21
Foreign Exchange Reserves 74590.00 76054.00 USD Million Oct/21
Loans to Private Sector 250668.25 250441.03 PEN Million Oct/21

News Stream
Peru Raises Interest Rate by 50 bps to 2%
Peru's central bank decided to raise its reference interest rate by 50 basis points to 2 percent on November 11th, in line with market expectations and following another 50 basis point increase in the previous month. The Central Reserve Bank of Peru noted that monetary policy continues to be expansionary with a historically low benchmark interest rate and that this decision does not necessarily imply a cycle of successive increases in the reference interest rate, but takes into account the country's elevated inflation levels. The annual inflation rate in Peru accelerated for a sixth straight month to 5.8 percent in October, from 5.2 in the previous month. It is the highest reading since January of 2009, as the country’s political unrest and pandemic recovery efforts elevated consumer prices.
2021-11-11
Peru Hikes Interest Rate for 3rd Straight Month
Peru's central bank decided to raise its benchmark policy rate by 50bps to 1.5 percent on October 7th, the third consecutive increase and in line with market expectations amid persistent inflation. Yet, policymakers reinforced that monetary policy continues to be expansionary with a historically low benchmark interest rate and that this decision does not imply necessarily a cycle of successive increases in the reference interest rate. The annual inflation rate in Peru accelerated for a fifth straight month to 5.23% in September, the highest rate since February of 2009.
2021-10-07
Peru Hikes Interest Rate to 1%
Peru's central bank decided to raise its benchmark policy rate by 50bps to 1 percent on September 9th, surprising markets that expected a smaller 25bps hike and following a 25bps increase in the previous month. Policymakers noted that monetary policy continues to be expansionary with a historically low benchmark interest rate and that this decision does not imply necessarily a cycle of successive increases in the reference interest rate. The annual inflation rate in Peru accelerated for a fourth straight month to 4.95% in August, the highest rate since February of 2009.
2021-09-09

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.