Archive

February 08, 2024
PE.png

Peru Policy Interest Rate 6.25% (consensus 6.25%) in Feb-24

  • The BCRP reduced the reference rate by 25bps to 6.25% in response to favourable inflation data and a downward trend in global inflation, indicating an adaptive and data-driven approach to monetary policy.
  • Future policy adjustments will hinge on a comprehensive analysis of inflation trends, economic activity indicators, and external economic risks, maintaining a balanced approach towards achieving the inflation target.
  • The Bank’s vigilance towards climate risks and international conflicts underscores its proactive stance in mitigating potential inflationary pressures and stabilizing economic growth.

February 01, 2024
PE.png

Peru Lima CPI Inflation 0.02% m-o-m (consensus 0.2%) in Jan-24

- Peru Lima CPI inflation in January 2024 grew at a significantly lower rate of 0.02% compared to the consensus estimate of 0.2%, marking the lowest growth rate since November 2023.
- The current inflation rate is 0.23 percentage points below the one-year average, indicating a subdued price environment with potentially broader implications for policymakers and investors.


January 11, 2024
PE.png

Peru Policy Interest Rate 6.5% (consensus 6.5%) in Jan-24

  • The BCRP reduced the reference rate by 25bp again to 6.50%, in sync with economists' expectations, driven by a consistent decrease in headline and core inflation.
  • Future interest rate decisions will be data-driven, focused on inflation trends and economic indicators, with particular attention to managing risks such as El Niño and external economic conditions.
  • The Board remains committed to adapting its monetary stance in response to evolving economic data, aiming to ensure inflation returns to the target range, indicative of a responsive and vigilant monetary policy approach.

January 01, 2024
PE.png

Peru Lima CPI Inflation 0.41% m-o-m (consensus 0.3%) in Dec-23

- Peru's Lima CPI inflation rate exceeded expectations, rising by 0.41% in December 2023, the highest level since April 2023.
- Despite the increase, headline annual inflation slowed but remains too high at 3.2%.