Peru Maintains Interest Rate at 4.75%
In April 2025, Peru's central bank maintained its benchmark interest rate at 4.75% for the third consecutive month. Policymakers highlighted that future rate adjustments would rely on new data concerning inflation and its fundamental causes. March's figures showed headline inflation decreasing to 1.3%, with core inflation dropping to 1.9%, both of which are near the central bank's target range midpoint. While domestic economic indicators revealed a slow recovery, the global economic environment has worsened due to increased trade tensions, particularly involving the United States, leading to elevated uncertainty and market volatility. Amidst these conditions, the BCRP reaffirmed its dedication to preserving price stability and underlined a data-driven strategy for future decisions. Additionally, the central bank set specific rates for operations in local currency, such as a 2.75% annual rate for overnight deposits.
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