Peru holds rates as inflation breaches target range
BCRP says impact of supply shocks, both domestic and international, will ‘gradually dissipate’
The Central Reserve Bank of Peru (BCRP) has left its key interest rate unchanged at 4.25% for the seventh consecutive meeting amid a surge in domestic inflation.
In a statement today (April 10), the BCRP said it expected headline and core inflation to return to its 1–3% target range by the end of the year and to stabilise around the 2% midpoint in 2027. It added that despite elevated uncertainty from the conflict in the Middle East and the resulting increase in global energy prices, the “terms
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