Peru’s central bank holds rates despite high inflation

Board says decision does not mean tightening cycle is over

Central Reserve Bank of Peru
The Central Reserve Bank of Peru

The Central Reserve Bank of Peru’s (BCRP) board of directors left rates unchanged at its monetary policy meeting on June 8.

This is the fifth consecutive time the BCRP board has voted to leave the policy rate at 7.75%, the level it reached in January. The board started increasing rates from 0.25% in August 2021.

Peru’s headline year-on-year inflation fell slightly from 8% in April to 7.9% in May, but remains well over the target range of 1–3%. Core inflation, excluding food and energy prices

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account