The Peruvian economy shows a slight improvement in the growth projections of the Internal gross product (GDP), according to the most recent survey of macroeconomic expectations of the Central Reserve Bank of Peru (BCRP). However, the forecasts remain very distant and skeptical of the optimistic figure that promises the Ministry of Economy and Finance (MEF) […]
Tag: Central Reserve Bank
BCRP: Fiscal Deficit in Peru starts the year with slight rise and stands at 3.7% of GDP
The Central Reserve Bank of Peru (BCRP) announced that the fiscal deficit annualized to January has been equivalent to 3.7% of the internal gross product (GDP), that is, slightly higher than the closing of 2024 when it was 3 , 6%. This preliminary result is explained by the increase in non -financial spending of the […]
BCRP maintains the reference interest rate at 4.75%: pause factors
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 […]
BCP projects that the reference interest rate of the Central Reserve Bank could be reduced to 4.25% this year
The governing rate, which governs the behavior of credits offered by banks, is currently located at 4.75%. BCP foresees a reduction of 50 more basic points for this 2025. 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 […]
The time BCRP faced a complaint for the image of José María Arguedas on the S/20 ticket: almost paid S/500,000
In 2023, an accusation put at the Center for the Central Bank of Reserve of Peru (BCRP). The case revolved around S/20 ticket that carries the image of the writer José María Arguedasoriginally created by photographer Baldomero Pestana, whose representatives demanded the monetary institution. This fact triggered a process that could have cost the BCRP […]
1 and 5 cent coins still have value: how to exchange them and why are they no longer in circulation?
Currently, six types of coins circulate: 10, 20 and 50 cents, and 1, 2 and 5 soles. However, previously the 1 and 5 cent coins were also in use, which have already been withdrawn from circulation. Although these coins are no longer in daily use, they can still be exchanged for others of a larger […]
BCRP reduces its interest rate: what will happen to the price of the dollar in Peru?
The Directory of Central Reserve Bank of Peru (BCRP) has decided to reduce the reference interest rate by 25 basis points, from 6% to 5.75%. Adjustments in the interest rate are conditional on new information about inflation. However, little has been said about how this relates to the price of the dollar. The reduction in […]
Avoid scams! Central Reserve Bank warns about fake videos that recommend investments
In an increasingly digitalized world, financial scams have found a new field of action: social networks. Along these lines, the Central Reserve Bank of Peru (BCRP) issued a warning about several videos circulating on various platforms, which, using sophisticated technologies such as artificial intelligence, present false information to deceive users and convince them to make […]
Exchange rate: dollar starts stable and remains at S/3,680 this Monday, April 8
The dollar exchange rate started today’s day with S/3,680, according to preliminary data from the Bloomberg international currency exchange portal. Similar closing level on Friday, April 5. The greenback had started its career at S/3,687 and then decreased until the official closing on April 5 with S/3,680 and an accumulated variation of -0.73% so far […]
Julio Velarde proposes increasing workers’ contributions to the AFP: “10% is very little”
The debate on the reform of the Peruvian pension system in Congress will take place in the coming weeks. In this sense, the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, considered it necessary to increase the contribution rate of members of the Pension Fund Administrators (AFP), currently set at 10%. This […]