LatinNews Daily - 10 October 2025

*Peru’s central bank (BCRP) has held its benchmark interest rate at 4.25%, after lowering it by 25 basis points in its previous monetary policy decision in September. The BCRP noted that monthly inflation in September was 0.01%, bringing the annual inflation rate to 1.40%. Whilst this was up from 1.10% in August, annual inflation remains within the BCRP’s target range of 1-3%. The bank maintained its 2025 inflation forecast at 2.20%. It said that almost all indicators show that the economy is on a “positive trajectory” but highlighted the deteriorated global outlook resulting from restrictive trade measures.

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