Peru’s Central Reserve Bank unexpectedly kept its benchmark interest rate unchanged at 4.25% in October 2026, extending its pause for a 13th consecutive meeting, defying expectations of a 25 bps hike. Annual inflation accelerated to 4.5% in September from 4.4% in August, marking the seventh consecutive month above the central bank’s 1%-3% target range due to higher fuel and electricity prices. Meanwhile, inflation excluding food and energy remained at 4.5%. Excluding transportation, underlying inflation stood at 1.8% and has remained below 2% since April 2025. Twelve-month inflation expectations stood at 3.1%, slightly above the upper limit of the target range. The central bank expects inflation to return toward 2% as supply shocks fade. However, the risks of El Niño and Middle East tensions could have persistent effects on inflation. Current-conditions indicators were mixed in September, while expectations indicators remained in optimistic territory, albeit with some moderation. source: Central Reserve Bank of Peru

The benchmark interest rate in Peru was last recorded at 4.25 percent. Interest Rate in Peru averaged 3.81 percent from 2000 until 2026, 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 October of 2026.

The benchmark interest rate in Peru was last recorded at 4.25 percent. Interest Rate in Peru is expected to be 4.25 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 4.00 percent in 2027 and 3.75 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-13 11:00 PM Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
2026-09-10 11:00 PM Interest Rate Decision 4.25% 4.25% 4.25% 4.25%
2026-10-07 11:00 PM Interest Rate Decision 4.25% 4.25% 4.50% 4.5%
2026-11-12 11:00 PM Interest Rate Decision 4.25% 4.25%
2026-12-10 11:00 PM Interest Rate Decision


Related Last Previous Unit Reference
Foreign Exchange Reserves 92736.00 96518.00 USD Million Sep 2026
Interest Rate 4.25 4.25 percent Oct 2026
Loans to Private Sector 272358.96 267746.38 PEN Million Aug 2026
Money Supply M0 102280.00 101845.00 PEN Million Aug 2026
Money Supply M1 119203.20 117764.40 PEN Million Aug 2026
Money Supply M2 171870.87 166259.30 PEN Million Aug 2026


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
4.25 4.25 8.90 0.25 2000 - 2026 percent Daily

News Stream
Peru Unexpectedly Holds Rate at 4.25%
Peru’s Central Reserve Bank unexpectedly kept its benchmark interest rate unchanged at 4.25% in October 2026, extending its pause for a 13th consecutive meeting, defying expectations of a 25 bps hike. Annual inflation accelerated to 4.5% in September from 4.4% in August, marking the seventh consecutive month above the central bank’s 1%-3% target range due to higher fuel and electricity prices. Meanwhile, inflation excluding food and energy remained at 4.5%. Excluding transportation, underlying inflation stood at 1.8% and has remained below 2% since April 2025. Twelve-month inflation expectations stood at 3.1%, slightly above the upper limit of the target range. The central bank expects inflation to return toward 2% as supply shocks fade. However, the risks of El Niño and Middle East tensions could have persistent effects on inflation. Current-conditions indicators were mixed in September, while expectations indicators remained in optimistic territory, albeit with some moderation.
2026-10-07
Peru Keeps Rates Steady for 12th Straight Meeting
Peru’s Central Reserve Bank kept its benchmark interest rate unchanged at 4.25% in September 2026, extending its pause for a 12th consecutive meeting. Annual inflation rose to 4.4% in August from 4.1% in July, mainly due to a base effect from negative monthly inflation a year earlier, while inflation excluding food and energy eased to 4.5% from 4.6%. Excluding transportation, underlying inflation stood at 1.8% and has remained below 2% since April 2025. Twelve-month inflation expectations increased to 3.1% from 3.0%, slightly above the upper limit of the target range. The central bank expects inflation to return toward 2% as supply shocks fade, although El Niño and Middle East tensions could keep inflation pressures elevated. Economic activity remained strong in August, with all current-conditions indicators improving and expectations staying optimistic, though somewhat more moderate. Global risks remain elevated, reflected in greater financial-market and oil-price volatility.
2026-09-10
Peru Keeps Rates Steady for 11th Straight Meeting
Peru’s Central Reserve Bank kept its benchmark interest rate unchanged at 4.25% in August 2026, extending its pause for an eleventh consecutive meeting. Annual inflation rose to 4.1% in July from 4.0% in June, while core inflation increased to 4.6% from 4.5%, remaining above the 1–3% target range. However, excluding transportation, core inflation stood at 1.7% and has remained below 2% since April 2025. Twelve-month inflation expectations edged up to 3.0% from 2.8%, reaching the upper limit of the target range. The central bank expects inflation to return toward 2% as supply shocks fade, though a stronger El Niño and renewed Middle East tensions pose upside risks. Meanwhile, economic activity remained strong, with business sentiment improving and expectations firmly in optimistic territory. Global risks have moderated amid more normalized hydrocarbon supplies, although geopolitical and trade uncertainties persist.
2026-08-13