Skip to main content

Peru holds interest rates, but rising inflation set to trigger hikes

The Central Reserve Bank of Peru’s decision to leave its policy rate on hold at 4.25% was widely expected and, while the outlook for the economy has deteriorated, we still expect rising inflation to trigger rate hikes later this year. Our forecast is for two 25bp hikes, to 4.75%, most likely starting in Q3.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.