LatinNews Daily - 13 November 2026

*Peru’s central bank (BCRP) has raised its benchmark interest rate by 25 basis points to 4.50%, in its first rate hike since December 2022. The BCRP said that it was aiming to bring inflation back to the target range of 1-3%, after the annual inflation rate climbed to 5.3% in October, up from 4.5% the previous month. The rise in inflation has been mostly caused by food and energy prices. The BCRP maintained its year-end inflation forecast at 3.1% but highlighted risk factors including the El Niño climate phenomenon and the war in the Middle East. The bank noted that that its surveys regarding economic activity showed “reduced forecasts, but remained on an optimistic trajectory”.