Peru’s central bank decided to raise the policy rate for a sixth straight month by 50bps to 3% on January 6, 2022, in line with market expectations as the country seeks to tame persistent inflation. Peru’s annual inflation accelerated to a 13-year high of 6.43% in December 2021, driven by rising food and energy prices. “With the information available, we consider it appropriate to continue with the normalization of monetary policy over the coming months,” the bank said in its statement. A robust economic rebound from the pandemic, which outpaced regional peers also aided the central bank’s decision. Policymakers said they are closely monitoring inflation expectations and the evolution of economic activity to decide the appropriate monetary stance, as the bank pushed back its guidance on when it expects inflation to fall back into its target of between 1% and 3% to the last quarter of 2022. source: Central Reserve Bank of Peru
Interest Rate in Peru averaged 3.43 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 January of 2022.
Interest Rate in Peru is expected to be 3.00 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 3.00 percent in 2023, according to our econometric models.