Economy & Business - September 2025

PERU | Interest rate cut. On 11 September Peru’s central bank (BCRP) lowered its benchmark interest rate by 25 basis points to 4.25%. This follows three consecutive decisions to hold interest rates and was the first rate cut since May, when the BCRP announced a reduction of 25 basis points. In a statement explaining its decision, the bank noted that there was monthly deflation of 0.29% in August and that the annual rate excluding food and energy was 1.8% - up from 1.7% in July - and approaching the centre of the 1%-3% target range. The BCRP maintained its 2025 inflation forecast of 2.2%. Regarding the wider economy, the statement said that “in August, most indicators of the current situation improved, while forecasts for economic activity registered mixed results”.

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