Peru Interest Rate

Peru’s Central Reserve Bank kept its benchmark rate at 4.25% in November 2025, matching expectations. Policymakers highlighted that annual inflation held at 1.4% in October, while core inflation stayed at 1.8%, aligned with the midpoint target band. Twelve month inflation expectations remained at 2.2%, comfortably inside the target range, and core inflation is projected to hover near 2% through the outlook period. Most economic indicators stayed firm, with activity close to potential, though global growth continues to face downside risks from trade restrictions. The BCRP said it will keep tracking inflation dynamics, expectations, and economic activity, adjusting policy when needed.