FX.co ★ Peru Holds Interest Rate at 4.25%

In January 2026, the Central Reserve Bank of Peru maintained its benchmark interest rate at 4.25% for the third consecutive meeting, aligning with market expectations. The bank observed an uptick in December's headline inflation, which increased to 1.5% from November's 1.4%, with a monthly inflation rate of 0.24%. Meanwhile, core inflation, excluding food and energy, remained steady at 1.8%. Encouragingly, twelve-month inflation expectations eased to 2.1% in December, remaining comfortably within the target range. Policymakers took note of robust indicators in both current economic conditions and future expectations, amid a global context marked by moderate growth. The Central Reserve Bank of Peru reaffirmed its commitment to closely monitoring inflationary trends, inflation expectations, and overall economic activity, expressing readiness to adjust monetary policy as required.