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. source: Central Reserve Bank of Peru

Interest Rate in Peru averaged 3.45 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 July of 2022.

Interest Rate in Peru is expected to be 5.50 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
2022-04-07 11:00 PM 4.5% 4% 4.5% 4.5%
2022-05-12 11:00 PM 5% 4.5% 5% 5.0%
2022-06-09 11:00 PM 5.5% 5% 5.5% 5.5%
2022-07-07 11:00 PM 5.5% 6.0%
2022-08-11 11:00 PM
2022-09-08 11:00 PM


Related Last Previous Unit Reference
Interest Rate 5.50 5.00 percent Jun 2022
Interbank Rate 0.81 0.81 percent Jun 2022
Money Supply M1 141954.00 143428.00 PEN Million Mar 2022
Money Supply M0 78822.00 81236.00 PEN Million Mar 2022
Money Supply M2 284764.00 285709.00 PEN Million Mar 2022
Foreign Exchange Reserves 76313.00 76018.00 USD Million May 2022
Loans to Private Sector 258432.44 257895.80 PEN Million May 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
5.50 5.00 8.90 0.25 2000 - 2022 percent Daily

News Stream
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
Peru Lifts Key Rate to 5% Amid Soaring Inflation
Peru’s central bank decided to raise the policy rate for a tenth straight month by 50 basis points to 5% on May 12, 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 7.96% in April from 6.82% 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. Due to these external forces, the bank projects that inflation would return to its target band between the second and third quarters of next year. “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.
2022-05-13
Peru Lifts Key Rate to 4.5% After Inflation Riots
Peru’s central bank decided to raise the policy rate for a ninth straight month by 50 basis points to 4.5% on April 7, in line with expectations as it seeks to curb soaring inflation that led to mass protests, riots and a state of emergency in recent days. Peru’s annual inflation rose 6.82% in March, the highest in more than two decades, driven by rising global fuel and food prices amid the conflict between Russia and Ukraine. The bank projects that inflation would return to its target band between the second and third quarters of next year, a slight shift from last month’s forecast for inflation to be back within range by the first half of 2023. “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.
2022-04-07