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 June 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.