LatinNews Daily - 11 July 2025

*Peru’s central bank (BCRP) has held its benchmark interest rate at 4.50%. This was the second consecutive pause to its rate-cutting cycle after a 25 basis-point cut in May. In a statement, the BCRP noted that the annual inflation rate in June was 1.7%, where it had hovered since April. The BCRP’s 12-month inflation forecast is also unchanged at 2.3%, within the 1-3% target range. However, the bank did note that “most indicators of the current situation and expectations about economic activity deteriorated compared with the previous month,” despite economic activity remaining on a “positive trajectory”. It highlighted increased global uncertainty due to restrictive trade policies that have contributed to volatility in financial markets.

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