BCP projects that the reference interest rate of the Central Reserve Bank could be reduced to 4.25% this year

The area of ​​economic studies of the Credit Bank of Peru (BCP) projected that the Central Reserve Bank of Peru (BCRP) would continue with its tendency to cut the reference interest rate, currently located at 4.75%, according to the last data of January. Recall that a year ago, the referential type, which governs the behavior of credits offered by the Banksit was 6.50%.

Details the financial entity that in a context of controlled inflation (1.85% year -on -year) and attention to the next actions of the United States Federal Reserve (Fed)the governing rate would fire 2025 with a reduction of 50 basic points between 4.50% and 4.25%, something not seen for 35 months.

Inflation grows at a lower pace

According to the National Institute of Statistics and Informatics (INEI), the Consumer Price Index (CPI) in Metropolitan Lima It slowed in January and marked an interannual variation of 1.85%, fluctuating comfortably within half of the target range of the BCRP (between 1% and 3%).

On the other hand, the inflation Without food or energy also registered a fall, by marking an interannual variation of 2.4%, its lowest level in 41 months. The item with the highest negative incidence in the January inflation was Transportdue to lower prices in passenger transport by air and road.

Another item with negative incidence was non -alcoholic foods and drinks, for lower prices of meat, milk, cheese and eggs. In contrast, the item with greater positive incidence was Restaurants and hotelswhich implies that prices in this sector increased, and they pushed up the increase in inflation in January.