The directory of Central Reserve Bank of Peru (BCRP) raised the benchmark interest rate to 3.50% as part of the normalization of monetary policy. It is worth emphasizing that this represents an increase of 50 basis points compared to January. This decision was made considering that the twelve-month inflation rate was 5.68% in January, temporarily […]
Tag: BCR
Fernando Cuadros: “There is enough margin to raise the minimum living wage in the country”
Is it a good time to deliberate on minimum wage? Yes, because there was a significant economic recovery. The GDP is projected to have grown 13% in 2021, which indicates an important recovery, after a fall of 11% in 2020. It even exceeded the GDP levels of 2019. And this has gone with the recovery […]
IMF: Fed rate hike will impact emerging economies
The International Monetary Fund (IMF) warned that possible increases in the benchmark interest rate of the Federal Reserve (Fed) from the US would impact emerging economies. It should be noted that since the beginning of the pandemic it has remained in the range of 0% – 0.25%. According to the international body, the advance of […]
BCRP raises the benchmark interest rate to 3.00%
The Central Reserve Bank of Peru (BCRP) agreed on Thursday to raise the reference interest rate to 3.00%, as part of the normalization of monetary policy. It is worth noting that the modification is 50 bps. given that in December it stood at 2.50%. This new rate had not been registered since February 2018. The […]
BCRP: year-on-year credit to individuals accelerated to 4.1% in November
The Central Reserve Bank of Peru (BCRP) reported that the year-on-year growth of loans to individuals accelerated from 2.8% in October to 4.1% in November, the highest rate since June 2020. According to the monetary entity, this performance is explained by higher loans in soles, which advanced 5.0% year-on-year in November compared to 3.7% registered […]
BCRP raises to 36% growth projection of private investment for 2021
Julio Velarde, president of the Central Reserve Bank of Peru (BCRP), reported that The growth projection of private investment for this year was raised, which went from 24.5% (in the September report) to 36% in real terms. Likewise, investment in the mining sector would go from 18% to 22.8%, while the non-mining sector, from 25.5% […]
BCRP develops digital currency to adapt to new payment systems
This Tuesday, the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, announced that they are working on the creation of a digital currency to connect us to the payment system of the future. “The payment system that we are going to have in 8 to 10 years in the world will be […]
Formal private employment passed the prepandemic level for the first time during September
During September of this year, 16,000 formal jobs were recovered in the private sector, compared to the same month of 2019, according to the Monetary Program of the Central Reserve Bank (BCRP). Adrián Armas, manager of Economic Studies of the issuing entity, said growth is 0.4% and is reflected only in the sector whose participation […]
Peruvian economy would have risen to 9.5% in September of this year
During September of this year, the Peruvian economy would have grown between 8 and 9.5%, said the central manager of Economic Studies of the Central Reserve Bank (BCRP), Adrián Armas. “From January to September of this year, a higher level would be shown compared to the same period of 2019. Peru will be one of […]
BCRP issues new S / 1 coin in tribute to Toribio Rodríguez de Mendoza
Today, Wednesday, November 10, Central Reserve Bank of Peru (BCRP) put into circulation the third S / 1 coin of the numismatic series “Builders of the Republic – Bicentennial 1821-2021”, which bears the image of Toribio Rodríguez de Mendoza. This collection, consisting of 9 coins, has the purpose of remembering and commemorating the characters who, […]