Peru holds rate at 7.75%

Photo of Julio Velarde
Julio Velarde
Photo: MARIANA BAZO/Reuters/PA Images

The Central Reserve Bank of Peru’s (BCRP’s) board of directors kept interest rates unchanged at its monetary policy meeting on May 11, despite above-target inflation.

It has now held policy since January, with the reference rate at 7.75%, the overnight deposits rate at 5.25% and the repo rate at 8.25%. But the board said its decision “does not necessarily imply an end to the BCRP’s monetary tightening cycle”.

It said this was mainly because inflation remains well over the target range of 1%-3%

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

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