2026-06-12

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Monetary Program June 2026

The Board of Directors of the Central Reserve Bank of Peru (BCRP) decided to maintain the reference interest rate at 4.25 percent. In May 2026, headline inflation decreased to 3.9 percent year-on-year, while core inflation without food and energy remained at 4.4 percent, above the target range. The BCRP projects inflation will return to the target range within the projection horizon, driven by temporary supply-side factors, while reaffirming its commitment to adjusting monetary policy if necessary to ensure price stability.

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Banco Central de Reserva del Peru

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