Economy & Business - July 2025

PERU | Interest rates held. On 10 July Peru’s central bank (BCRP) announced it was holding its benchmark interest rate at 4.50%. This was the second consecutive pause to its rate-cutting cycle after a 25 basis-point cut in May. In a statement, the BCRP noted that the annual inflation rate in June was 1.7%, where it had hovered since April. The BCRP’s 12-month inflation forecast is also unchanged at 2.3%, within the 1-3% target range. However, the bank did note that “most indicators of the current situation and expectations about economic activity deteriorated compared with the previous month,” despite economic activity remaining on a “positive trajectory”. It highlighted increased global uncertainty due to restrictive trade policies that have contributed to volatility in financial markets.

End of preview - This article contains approximately 358 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial