100% of local and international analysts covering Peru, surveyed by Consensus Economics, consider the
monetary policy stance as appropriate —neither overly restrictive nor overly expansionary.
This is according to the BCR, which refers to the February edition of the Latin American Consensus Forecast report.
The publication noted that, in contrast, other countries in the region included in this study have received a mixed assessment of their monetary policy, with a greater number of analysts considering it too restrictive.
This survey gathers the opinions of 120 private entities at the regional level.
In Peru's case, 18 institutions participate, providing projections on economic growth, inflation, interest rates, exchange rates, and international trade.
This assessment of monetary policy reflects the stabilization of Peru's inflation decline toward the target range midpoint since May 2024, standing at 1.48% in February 2025. Besides, it is the lowest inflation rate among those countries analyzed in the region.
Currently, the benchmark interest rate stands at 4.75%, the lowest among the region's major economies.
Furthermore, since the start of the global cycle of interest rate hikes to counter inflationary pressures, Peru's monetary policy rate has remained the lowest in the region.