According to the Central Reserve Bank of Peru (BCRP), the mortgage credit it increased at a monthly rate of 0.7% in September, with which its interannual growth remained at 7.8 percent in the ninth month of the year.
Thus, by currency, the interannual increase in mortgage loans in soles of 10.8 percent stands out.
The issuing entity also reported that the expansive monetary policy has contributed to the mortgage credit maintaining positive growth rates during times of greater mobility restrictions to contain the spread of COVID-19.
Therefore, the mortgage segmentAlthough it slowed down due to the paralysis of large real estate projects, it was the most active during this period, mainly due to the higher volume of smaller loans.
In addition, with information as of October 26, interest rates in soles show a behavior similar to that reported in September. As in September, the average interest rates on business loans and the rates associated with mortgage loans increased. However, rates on consumer loans, unlike in September, increased.
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