Peru Monetary Policy

Peru

Peru: Central Bank maintains interest rates unchanged

March 8, 2012

At its 8 March monetary policy meeting, the Central Bank kept the reference rate unchanged at 4.25%, in a decision widely expected by market analysts. The Bank's decision means that monetary officials have maintained the main monetary policy rate steady for ten consecutive months. As outlined in its accompanying statement, the Central Bank argued that its decision ?takes into account the slower growth recorded by some spending components, international financial risks and the fact that quickening inflation has mainly reflected temporary supply factors.? Moreover, monetary officials stated that current and forward-looking indicators continue to show a moderation in economic activity, and that waning global demand is likely to affect Peru's commodity exports. The next policy meeting is scheduled for 12 April.


Author:, Senior Economist

Sample Report

Looking for forecasts related to Monetary Policy in Peru? Download a sample report now.

Download




Peru Economic News

  • Peru: Economic activity growth picks up in February

    April 15, 2019

    Economic activity expanded 2.1% year-on-year in February, picking up some pace from January’s subdued 1.6% increase, which had marked the weakest reading in over one year.

    Read more

  • Peru: Central Bank stands pat at March meeting

    April 12, 2019

    At its monetary policy meeting on 11 April, the Central Bank of Peru (BCRP) kept the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.

    Read more

  • Peru: Consumer confidence plummets in March

    April 6, 2019

    The consumer confidence indicator published by GfK tumbled to 94 in March from 104 in February, which had marked the best result in over two years.

    Read more

  • Peru: Trade surplus narrows further in February on dwindling exports

    April 5, 2019

    Peru’s trade balance recorded a USD 326 million surplus in February, narrowing from January’s USD 449 million surplus and also lower than the USD 552 million surplus recorded in the same month of last year. Exports declined 3.8% year-on-year in February, due to a drop in prices, following January’s sharper 4.1% fall.

    Read more

  • Peru: Businesses grow more optimistic in March

    April 5, 2019

    The business confidence indicator rose from February’s 58.5 to 59.6 in March, and thus moved further above the 50-point threshold that separates optimism from pessimism, where it has been for almost two years. March’s improvement came chiefly on the back of better prospects on the general economic situation, as well as on demand prospects.

    Read more

More news

Search form