LatinNews Daily - 15 August 2025

*Peru’s central bank (BCRP) has held its benchmark interest rate at 4.50%, in the third consecutive pause to its rate-cutting cycle following a 25 basis-point cut in May. In a statement, the BCRP noted that the annual inflation rate in July was 1.7%, unchanged from the previous month and within the 1-3% target range. The BCRP lowered its overall 2025 inflation forecast to 2.2%, down from 2.3% in June. It added that “in July, most indicators of the current situation and forecasts for economic activity improved compared to the previous month” and “almost all of them remained on a positive trajectory, in a context in which economic activity is approximately in line with its potential”. Nevertheless, the BCRP did voice caution over restrictions to global trade, which it said are increasing uncertainty and contributing to volatility in financial markets.

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