The central bank of Peru left the benchmark interest rate unchanged at 0.25 percent on July 9th of 2021, together with liquidity injections in order to continue with its expansionary monetary policy. The board noted that twelve-month inflation expectations increased to 2.60 percent in June from 2.43 percent in May, with most leading economic indicators deteriorating in June. Policymakers considered it was appropriate to maintain an expansive stance as long as the side effects of the pandemic on inflation persists. Consumer prices in the country rose by 3.25% yoy in June, the most since April 2017, after a 2.45% gain in May. The central bank added that a more pronounced recovery in global economic activity is expected in the coming quarters as both COVID-19 vaccinations and fiscal stimulus continues. source: Central Reserve Bank of Peru
Interest Rate in Peru averaged 3.47 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 July of 2021.
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 0.75 in 12 months time. In the long-term, the Peru Interest Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.