LatinNews Daily - 14 March 2025

*Peru’s central bank (BCRP) has held its benchmark interest rate at 4.75%. This latest decision comes after the rate was lowered by 25 basis points in January and maintained at 4.75% in February. In a statement explaining the decision, the BCRP noted that the monthly inflation rate in February was 0.19%, bringing the annual inflation rate to 1.50% – down from 1.90% in January. This is within the BCRP’s target range of 1-3%. The bank predicts inflation to remain near the centre or lower end of this range in March, and expects a recent rise in economic activity to continue. However, in an allusion to tariffs being imposed by the US government of President Donald Trump, it noted that “risks for global economic activity have risen due to high uncertainty associated with the impact of restrictions on foreign trade”.

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