The Directory of the Central Reserve Bank of Peru (BCRP) agreed to maintain the Reference interest rate in 4.75% in February. The referential type is an indicator that governs the credits offered by banks in the Peruvian market.
The monetary authority recalled that in January, the monthly inflation rate was -0.09% and inflation without food and energy was -0.15%. “The rate of inflation At 12 months it decreased from 2.0% in December to 1.9% in January, near the center of the target range, “he said.
The BCRP points out that the perspectives of world economic activity point towards moderate growth and a gradual normalization of the monetary policy In most advanced economies.
In addition, uncertainty about the impact of commercial policies is maintained, as well as the risks derived from international conflicts.
As forXpectative inflation12 months projections fell from 2.45% in December to 2.37% in January, which reflects greater confidence in prices stability.
In the opinion of economist Juan Carlos Odar, the decision was expected, since the Central Reserve Bank has mentioned that it is already close to the neutral rate. “It is likely that the rest of the year will be at most only two cuts,” he projected.
Banks foresee adjustment, but cautiously
According to the BCP Economic Studies Area, in a context of controlled inflation (1.85% year -on -year) and attention on 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%.
On the shore of BBVA Researchthe monetary standardization process is close to its end and estimates that the rate will reach its neutral level before the second quarter. For its part, Scotiabank It provides that the governing rate would be reduced to 4.50% in the second semester
During 2024, the BCRP reduced the reference rate seven times, in response to the slowdown in year -on -year inflation. The last cut was in January that went from 5.00% to 4.75%.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
