Central Reserve Bank of Peru

Central Reserve Bank of Peru’s Reference Rate Cut to 18-Month Low of 3.75%

July 13, 2017

Peru’s central bank rate 25-basis point cut this month was the second one of 2017 and returns the level to its lowest point since mid-December 2015 to mid-January of 2016. Both headline and core inflation are falling according to a released statement, and they are within the 1-3% target range. Expected inflation is also creeping […] More

Peruvian Monetary Policy Rate Left at 4.0% after Being Cut in May

June 9, 2017

The Central Reserve Bank of Peru Board had cut its interest rate four weeks ago in the first policy change in fifteen months. A statement released last Thursday after its June meeting reiterates the arguments made when policy was eased in May: Peru has in-target inflation, which should continue over the next two years; GDP is […] More

Central Reserve Bank of Peru

April 7, 2017

Peru’s policy interest rate has been again  maintained at 4.25% even though actual inflation and expectations of future inflation in the short run have moved higher. The rate has been at this level since a 25-basis point cut in February 2016 culminated for such moves starting in September 2015. A released statement noted that growth […] More

Central Reserve Bank of Peru Maintains 4.25% Interest Rate

March 9, 2017

The last change in Peru’s central bank interest rate was a 25 basis point cut in February 2016 that culminated a percentage point of easing in the space of five months. A released statement after the latest Board meeting observes a 0.4 percentage point drop in core inflation last month, in-target inflation expectations, somewhat slower […] More

Central Reserve Bank of Peru

January 12, 2017

Although Peru’s key central bank rate was left at 4.25%, its level since the last February’s last of four cuts of 25 basis points each in the space of five months, a released statement revises projected inflation over the coming year up slightly and observes that “the water deficit generated by adverse climate factors has been […] More

Central Reserve Bank of Peru

December 15, 2016

A statement released after this month’s monetary policy meeting said the decision to leave the key  interest rate at 4.25% “is consistent with an inflation forecast in which inflation converges to 2 percent towards the end of 2017. … Expectations of inflation in 12 months have increased slightly but continue showing a declining path within […] More

Central Reserve Bank of Peru

October 13, 2016

Officials at Peru’s central bank left their policy interest rate unchanged at 4.25% and released a statement that projected a drop of CPI inflation below the target range ceiling fairly soon and to 2.0% by the end of next year. Measures of expected inflation are diminishing, and real GDP is expected to grow at a 3% […] More

Peruvian Central Bank Policy Rate Held Steady at 4.25%

September 9, 2016

Seven months have now passed without the Central Reserve Bank of Peru changing its interest rate. Previously such was lifted five times in the space of 7 meetings from September 2015 to March 2016, each by 25 basis points. Such more than offset four cuts from November 2013 through January 2015. The Board released a […] More

Central Reserve Bank of Peru

August 12, 2016

Peru’s monetary policy rate had been raised during the final quarter of 2015 twice by 25 basis points and again in January and February of this year by the same amount. But there have been no further changes including at the latest Board meeting today. A statement released after the meeting justifies keeping the rate […] More

Central Reserve Bank of Peru

July 15, 2016

Late yesterday came the as-expected announcement that Peruvian monetary authorities decided once again to keep they main interest rate at 4.25%.  Inflation had accelerated last year, in part because of a double-digit depreciation of the sol, and this had prompted four 25-basis point central bank rate increases that were implemented in September, December, January and, […] More

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