Peru raises benchmark rate to 4.50 percent

Peru's central bank raised its benchmark interest rate by 25 basis points to 4.50 percent on Thursday, its first increase in nearly four years, as annual inflation accelerated to 5.3 percent in October.

Why it matters: The move, which matched most analysts' expectations, ends a year-long hold at 4.25 percent and puts Peru among the central banks tightening again as food and energy supply shocks push inflation further above target.

Data as of Reuters report of November 12, 2026, read in full in its TradingView carrying, and Bloomberg reporting of the same day: the Central Reserve Bank of Peru's own monetary programme note for November had not been posted to the bank's release listing when checked at 19:05 Toronto, so the decision figures here are the wires' account of the statement, not the bank's document. Developing item.

Peru’s central bank, the Banco Central de Reserva del Perú, raised its benchmark interest rate by 25 basis points to 4.50 percent on Thursday, its first increase in nearly four years and a move most analysts surveyed had expected, Reuters reported. Annual inflation accelerated to 5.3 percent in October from 4.5 percent in September, driven mainly by rising food and energy costs, and twelve-month inflation expectations stayed at 3.1 percent, above the upper bound of the bank’s 1 to 3 percent target range.

The bank said the increase does not necessarily signal the start of a broader tightening cycle. It expects inflation to return gradually to the target range and converge toward 2 percent as supply shocks recede, but cautioned that El Niño and geopolitical tensions in the Middle East could prolong price pressures.

Peru raises benchmark rate to 4.50 percent

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