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Peru: Inflation expectations within target range

10:40 | Lima, Feb. 7.

Based on the Survey of Macroeconomic Expectations conducted last January, inflation in Peru is expected to remain within the 1%-3% target range both in 2020 and 2021, the Central Reserve Bank (BCR) has reported.

Thus, inflation this year would stand at 2.0%, while in 2022 it is expected to register a rate between 2.0% and 2.2% —within the target range. 

"According to the Survey conducted in January, economic analysts and financial entities expected one-year ahead inflation to reach 2.0%. This indicator has been within the target range since May 2017," the issuing entity indicated.

Moreover, it said, inflation expectations have remained within the target range 86% of the time in the last 19 years. 

GDP

Peru's GDP in 2020 is expected to register a GDP rate between -11.5% and -9.0%, while in 2021 it is expected to show a growth between 4.5% and 9.0%.

It is expected to rise 4.0% in 2022, the BCR noted.

In January, expectations of one-year ahead GDP growth stood at 8.6%.

(END) NDP/MVB

Published: 2/7/2021
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