FX.co ★ Peru Holds Interest Rate at 4.25%

Peru's Central Reserve Bank maintained its benchmark interest rate at 4.25% for November 2025, aligning with market forecasts. Policymakers noted that the annual inflation rate was steady at 1.4% in October, with core inflation remaining stable at 1.8%, consistent with the midpoint of the target range. Inflation expectations over the next twelve months are expected to stay at 2.2%, comfortably within the target range, and core inflation is anticipated to remain near 2% throughout the forecast horizon. Most economic indicators remain robust, with economic activity near its potential, although global growth faces ongoing risks from trade tensions. The BCRP affirmed its commitment to closely monitoring inflation trends, expectations, and overall economic activity, and indicated readiness to adjust policy as necessary.