LatinNews Daily - 13 June 2025

*Peru’s central bank (BCRP) has held its benchmark interest rate at 4.50%, after lowering it by 25 basis points at its previous monetary policy meeting in May. In a statement explaining the decision to maintain the rate, the BCRP noted that annual inflation in May was 1.7%, unchanged from April and within the bank’s target range of 1-3%. Whilst the BCRP noted the potential impact of global trade tensions on inflation, it maintained its year-end inflation forecast at 2.3%. Meanwhile, the BCRP highlighted a “slight deterioration” in economic activity indicators in May, although it said that Peru remains on a positive trajectory.

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