2026-07-10

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Monetary Program - July 2026

The Board of Directors of the Central Reserve Bank of Peru (BCRP) decided to maintain the reference interest rate at 4.25 percent. Inflation reached 4.0 percent year-on-year in June, driven by food prices, while forward-looking economic indicators and business expectations showed significant improvement and optimism. The BCRP remains vigilant regarding El Niño risks and geopolitical tensions, reaffirming its commitment to returning inflation to the target range.

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