Peru’s central bank caps consumer interest under protest

Julio Velarde
Julio Velarde
Ministerio de Defensa del Perú

Peru’s central bank has imposed caps on consumer interest rates in the financial sector despite warning that the measure would damage the credit market,

The central bank implemented the caps in accordance with Peru’s new Law for the Protection of Consumers in the Financial System. The Peruvian Congress passed this law in March, over the objections of the president, Francisco Sagasti, the finance minister, and the governor of the central bank, Mario Velarde.

The governor said the law would

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: