Central Bank of Peru

Central Bank of Peru: No Rate Change this Month

December 12, 2013

Officials did not spring a surprise rate cut in December as they had in November.  The reduction in November was the first cut since February 2010.  In the year from May 2010 through May 2011, the Peruvian reference interest rate was lifted ten times from a low of 1.25% to 4.25% where such remained until […] More

Central Reserve Bank of Peru Leaves Key Interest Rate Unchanged at 4.25%

October 11, 2013

The last Peruvian interest rate change by the BCRP was a 25-basis point hike on May 12, 2011 that capped a 10-step, 300 basis point tightening begun in May 2010.  Reserve requirements had earlier been cut in three straight months. In a statement released yesterday, monetary officials explained their latest decision: This decision is based […] More