RegAlert2026-09-18
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Inflation Report - September 2026
The Central Reserve Bank of Peru maintains the reference interest rate at 4.25 percent and projects GDP growth of 3.2 percent for 2026 and 3.0 percent for 2027, revised downward due to an extraordinary El Niño phenomenon. Inflation is projected to reach 4.2 percent in 2026 and converge to 2.0 percent in 2027, remaining above the 1-3 percent target range due to supply shocks and transport costs. The current account surplus is expected to average 4.0 percent of GDP in 2026, driven by improved terms of trade, while the fiscal deficit is projected at 1.5 percent of GDP for both 2026 and 2027.
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INFLATION REPORT
September 2026
Current Overview and Macroeconomic Projections 2026-2027
CENTRAL RESERVE BANK OF PERU
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Inflation Report:
September 2026
Inflation
Inflation Expectations
Economic Activity
(GDP gap with potential output)
Public Finances
External Sector
Exchange Rate
Interest Rates
Liquidity and
Credit
Monetary Policy:
Reference interest rate and liquidity management instruments Financial Shocks Demand Shocks Supply Shocks
CENTRAL RESERVE BANK OF PERU
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Source: Banco Central de Reserva del Peru — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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BCRP published 11 documents in the last 30 days. We email you each new one the day it's published.