From January 31 to February 12, Peru's country risk indicator —measured by the EMBIG Peru Spread— decreased 8 bps to 114 bps, the Central Reserve Bank has reported.
In the same period, the EMBIG LatinAmerica spread decreased 15 bps to 357 bps, within a context of lower coronavirus risk and the announcement of stimulus by China.
Interbank interest rate
On February 13, the interbank interest rate in Peruvian Soles showed an annual average rate of 2.25% and this rate in U.S. Dollars registered an annual average rate of 1.71%.
On the same date, the average 90-day corporate prime rate –the interest rate charged by commercial banks to lower risk businesses– in Soles was 3.19%, while the prime rate in Dollars recorded 2.48%.
Moreover, the annual interest rate on mortgage loans in Soles stood at 7.8%, whereas this rate in Dollars was 6.8%.