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2026-09-17

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Weekly Information Summary (17/09/2026)

The document reports that Peru's GDP grew 3.6% year-on-year in July 2026, driven by non-primary sectors, while the primary sector contracted 1.4%. The non-financial public sector recorded a fiscal deficit of S/ 4,076 million in August 2026, maintaining a 12-month deficit of 1.0% of GDP. International markets saw declines in metal and wheat prices, while the US dollar appreciated and US Treasury yields reached 5.02%. Net international reserves totaled USD 97,683 million as of September 15, 2026.

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Weekly Information Summary
September 17, 2026

CONTENT

  • Gross Domestic Product for July 2026 ix
  • Non-financial public sector operations for August 2026 xi
  • Interbank interest rate in soles xii
  • BCRP operations xiii
  • Short-term yield curves xvi
  • Public Treasury bonds xvii
  • International Reserves xvii
  • International Markets xviii
  • Metal prices decrease in international markets xviii
  • Wheat price decreases in international markets xix
  • The dollar appreciates in international markets xx
  • US Treasuries yield stood at 5.02 percent xxi
  • Lima Stock Exchange Indices xxi

GROSS DOMESTIC PRODUCT FOR JULY 2026
Gross Domestic Product (GDP) grew 3.6 percent year-on-year in July 2026, accumulating a growth of 3.1 percent in the first seven months of the year. In the month, non-primary GDP expanded 5.0 percent, driven by the dynamism of construction, commerce, services, and electricity. Primary GDP contracted 1.4 percent, due to lower production in all sectors, except for metallic mining.

Primary GDP 2/ 22.0 -1.4 -2.5
Agricultural 6.2 -1.2 -0.7
Fishing 0.4 -27.4 -32.6
Metallic mining 9.1 1.1 0.7
Hydrocarbons 1.2 -5.1 -10.2
Primary manufacturing 3.2 -6.0 -8.7
Non-Primary GDP 78.0 5.0 4.8
Non-primary manufacturing 3/ 8.5 -0.3 1.0
Electricity, water and gas 1.9 7.3 4.7
Construction 6.4 9.9 10.7
Commerce 10.8 6.8 6.3
Total Services 50.4 4.7 4.4
Global GDP 100.0 3.6 3.1
1/ At 2007 prices.
3/ Excludes milled rice.
Source: INEI and BCRP.
2/ Includes the silvicultural sector, non-metallic mining and related services.
Jan.-Jul.
Gross Domestic Product
(Var. % with respect to similar period of the mentioned year) Weight 2025 1/ July 2026

Weekly Information Summary: September 17, 2026 x

  • In July 2026, the agricultural sector decreased 1.2 percent year-on-year. A
    drop in rice and potato production was observed, due to the advance of harvests in previous months; avocado, due to reduced harvests; olive, due to overproduction in the previous year; and hard yellow corn and sugarcane, due to lower yields. These results were mitigated by higher production of blueberries, coffee, cassava and poultry meat. A decrease of 0.7 percent was accumulated in the year to date.
  • The fishing activity registered a reduction of 27.4 percent in July 2026,
    due mainly to the lower catch of anchoveta in the north-central region and, to a lesser extent, to the lower availability of trout, which affected the yield of continental fishing. The sector had a drop of 32.6 percent in the period January-July.
  • The metallic mining sector grew 1.1 percent year-on-year in July 2026, reflecting
    mainly the higher production of copper, gold, molybdenum, silver, iron and tin. From January to July, the sector achieved an expansion of 0.7 percent.
  • In July 2026, hydrocarbon production decreased 5.1 percent year-on-year,
    resulting from lower oil production, associated with the drop in the yield of lot 95, and natural gas liquids. This was mitigated by higher natural gas production (9.6 percent). Between January and July, the sector accumulated a drop of 10.2 percent.
  • Primary resource manufacturing decreased 6.0 percent in July 2026,
    mainly due to lower production of fishmeal and fish oil, derived from the El Niño Phenomenon. The sector registered a drop of 8.7 percent in the January-July period.
  • In July 2026, non-primary manufacturing decreased 0.3 percent year-on-year
    due to lower production of mass consumption goods and those oriented to the external market. In the year to date, the sector accumulates a growth of 1.0 percent.
  • The production of the electricity, water and gas sector in July 2026 increased
    7.3 percent compared to the same month of the previous year, favored by higher
    residential and commercial consumption due to higher environmental temperatures. From January to July the sector grew 4.7 percent.
  • In July 2026, the construction activity increased 9.9 percent year-on-year,
    due to higher private and public works. The sector accumulates an expansion of 10.7 percent in the January-July period.
  • The commerce sector registered a year-on-year increase of 6.8 percent in July of
    2026, sustained by wholesale and retail sales, favored by offer campaigns for National Holidays. Between January and July, the sector increased 6.3 percent.
  • In July 2026, the services sector grew 4.7 percent year-on-year, with the
    positive contributions of all its subsectors. The sector accumulates an expansion of 4.4 percent in the year to date.

Weekly Information Summary: September 17, 2026 xi NON-FINANCIAL PUBLIC SECTOR OPERATIONS FOR AUGUST 2026 According to preliminary information, between July and August 2026, the fiscal deficit in the last twelve months remained at the equivalent of 1.0 percent of GDP, due to the reduction of non-financial expenditures as a percentage of GDP was compensated by higher interest service on internal debt. In August 2026, the non-financial public sector would register a deficit of S/ 4,076 million, slightly higher than that registered in August 2025, which is explained by the higher interest service on debt and non-financial expenditures, compensated in part by the higher level of tax revenues. In the January-August 2026 period, the fiscal surplus would amount to S/ 5,546 million, a result that contrasts with the deficit registered in the same period of 2025 (-S/ 7,323 million). Current revenues of the general government grew 13.1 percent year-on-year in August 2026, explained by the increase in tax revenues, particularly by higher collection of income tax, VAT, Excise Tax and Special Mining Tax (IEM), in addition, to a lower level of refunds. Non-tax revenues fell due mainly to the recording of a lower transfer of profits from a financial entity to the Public Treasury. General government non-financial expenditure increased 8.4 percent year-on-year in August 2026, at the three levels of government. By expenditure items, current expenditures expanded mainly due to increase in remuneration and transfers; while capital expenditures decreased due to a lower level of other capital expenditures, which reflects lower expenditure on honoring Petroperú guarantees, compensated in part by higher gross capital formation, particularly from subnational governments.

-3.9
-2.4
-1.0 -1.0
Aug.24 Nov.24 Feb.25 May.25 Aug.25 Nov.25 Feb.26 May.26 Aug.26 Economic result of the non-financial public sector (Accumulated last 12 months - % GDP)

  • Preliminary.

Weekly Information Summary: September 17, 2026 xii INTERBANK INTEREST RATE IN SOLES The average interbank interest rate in soles was 4.25 percent annual between the 10 and 16 of September 2026, while in dollars it was 3.75 percent annual. As of September 16, 2026, the corporate preferential interest rate for 90 days –the one charged to lower-risk companies– in soles was 4.60 percent annual, and in dollars, 3.74 percent annual.

2025 2026 Var.% 2025 2026 Var.%

  1. General Government Current Revenues 21,102 23,860 13.1 154,887 180,851 16.8
    a. Tax Revenues 15,230 18,578 22.0 120,352 141,971 18.0
    i. Income 5,999 6,980 16.3 55,339 65,673 18.7
    ii. VAT 8,055 9,564 18.7
  • Internal 4,638 5,290 14.1 36,650 41,910 14.4
  • Imports 3,418 4,275 25.1 25,564 28,741 12.4
    iii. Excise Tax 847 1,029 21.6 6,494 7,546 16.2
    iv. Refunds (-) 2,525 1,793 -29.0 20,509 19,958 -2.7
    v. Rest 2,853 2,797 -2.0 16,814 18,058 7.4
    b. Non-tax Revenues 5,873 5,282 -10.1 34,534 38,880 12.6
  1. General Government Non-financial Expenditure 19,420 21,055 8.4 148,117 159,824 7.9
    a. Current 13,775 15,707 14.0 109,548 122,842 12.1 National Government 8,540 10,000 17.1 68,986 78,792 14.2 Regional Governments 3,524 3,930 11.5 27,990 30,750 9.9 Local Governments 1,712 1,777 3.9 12,573 13,300 5.8 b. Gross Capital Formation 4,736 5,228 10.4 32,656 33,904 3.8 National Government 1,409 1,320 -6.3 12,503 10,833 -13.4 Regional Governments 1,263 1,479 17.1 8,356 9,715 16.3 Local Governments 2,064 2,430 17.7 11,797 13,355 13.2
    c. Other Capital Expenditures 910 120 -86.8 5,913 3,079 -47.9
  2. Others 2/ 283 -207 2,243 2,138
  3. Primary Result (=1-2+3) 1,965 2,598 9,013 23,164
  4. Interest 5,565 6,674 19.9 16,337 17,619 7.8
  5. Economic Result (=4-5) -3,600 -4,076 -7,323 5,546
    1/ Preliminary.
    Source: MEF, BN, Sunat, EsSalud, public benefit societies and state-owned companies.
    Non-Financial Public Sector Operations 1/
    August January - August
    (Millions S/)
    2/ Includes General Government capital revenues and primary result of state-owned companies.

4.67 4.58 4.60
Jul.2026 Aug.2026 16 Sep.2026
Corporate preferential interest rate for 90 days in soles (%)

Weekly Information Summary: September 17, 2026 xiii At the same date, the corporate preferential interest rate for 180-day loans in soles was 4.74 percent annual and this rate in dollars was 4.06 percent annual. As of September 16, the corporate preferential interest rate for 360-day loans in soles was 4.90 percent annual and in dollars was 4.30 percent annual.

4.82 4.74 4.74
Jul.2026 Aug.2026 16 Sep.2026
Corporate preferential interest rate for 180 days in soles (%)

4.94 4.93 4.90
Jul.2026 Aug.2026 16 Sep.2026
Corporate preferential interest rate for 360 days in soles (%)

BCRP OPERATIONS
The monetary operations of the Central Reserve Bank of Peru (BCRP) from September 9 to 15, 2026 were as follows:

  • Liquidity injection operations:
  • Securities Repos corresponded to 3-month operations for S/ 500
    million (September 11). As of September 15, the balance was S/ 4,300 million, with an average interest rate of 4.65 percent.
  • Liquidity sterilization operations:
  • BCRP CDs: The balance as of September 15 was S/ 34,461 million, with an
    average interest rate of 4.10 percent.

Weekly Information Summary: September 17, 2026 xiv

  • BCRP CDVs: The balance as of September 15 was S/ 200 million. The interest rate
    of these certificates is floating and linked to the Interbank Overnight Index (ION). As of September 15, the average spread of the balance awarded in the BCRP CDV auctions amounts to 0.00 percent.
  • Overnight deposits: As of September 15, the balance of this instrument was
    S/ 22 million, with an average interest rate of 2.25 percent.
  • Time deposits: As of September 15, the balance of time deposits was
    S/ 18,040 million, with an average interest rate of 4.24 percent.
    In the foreign exchange operations from September 9 to 15, 2026, no Sell Currency Swaps were placed and USD 244 million matured, which includes the early maturity of USD 59 million of said instrument. No Buy Currency Swaps were placed and USD 391 million of said instrument matured.

i. BCRP CDs with dollar payment: As of September 15, the balance of this instrument
was S/ 3,204 million (USD 944 million), with an average interest rate of
4.19 percent.
ii. Sell Currency Swaps: The balance of this instrument as of September 15 was
S/ 110 million (USD 32 million), with an average interest rate of 2.50 percent.
iii. Buy Currency Swaps: The balance of this instrument as of September 15 was
of S/ 7,400 million (USD 2,196 million), with an average interest rate of 2.86 percent.
As of September 15, 2026, primary issuance decreased by S/ 1,282 million with respect to September 8, 2026 and increased by S/ 8,686 million with respect to the end of 2025. In the last week, as of September 15, the BCRP sterilization operations were the net placement of Time Deposits and Overnight Window (S/ 2,640 million), the maturity of Currency Repos (S/ 200 million), the placement of BCRP CDVs (S/ 200 million) and the net maturity of Securities Repos (S/ 100 million). These operations were partially compensated by the net maturity of BCRP CDs (S/ 717 million). In the year to date of 2026, the BCRP liquidity injection operations were the net placement of Public Treasury Deposit Auctions (S/ 3,271 million) and the net maturity of BCRP CDs (S/ 2,215 million). These operations were partially compensated by the net maturity of Securities Repos (S/ 8,900 million), the net placement of Time Deposits and Overnight Window (S/ 4,443 million), the net maturity of Currency Repos (S/ 1,800 million) and the placement of BCRP CDVs (S/ 200 million). In the last 12 months, primary issuance increased by 14.2 percent, as a consequence mainly of an increase of 13.9 percent in the demand for banknotes and coins.

Weekly Information Summary: September 17, 2026 xv The interbank selling exchange rate closed at S/ 3.3720 per dollar on September 15,
0.51 percent higher than the quote on September 8, accumulating a depreciation
of the sol of 0.24 percent with respect to the end of 2025. In the year to date of 2026, the BCRP has carried out spot buy operations on the trading desk for USD 4,111 million, has placed BCRP CDs with dollar payment for an equivalent of USD 4,796 million and has carried out net placements of Buy Currency Swaps for USD 2,196 million. In addition, Sell Currency Swaps have been auctioned for USD 5,055 million, with which the balance of these operations has been reduced by USD 5,833 million.

2025
31-Dec 31-Aug 08-Sep 15-Sep
I. NET INTERNATIONAL RESERVES 303,121 324,300 328,483 330,170 27,049 5,869 1,687
(Millions USD) 90,214 96,518 98,055 97,683 7,469 1,165 -371

  1. Exchange Position 61,501 69,830 69,721 69,154 7,653 -676 -567
  2. Financial System Deposits 19,780 18,897 20,539 20,868 1,088 1,971 328
  3. Public Sector Deposits 11,493 12,045 17,417 15,828 4,335 3,783 -1,589
  4. Others 3/ 2,552 2,447 2,448 2,409 -143 -38 -39
    II. NET INTERNAL ASSETS -190,646 -205,097 -206,040 -209,009 -18,363 -3,912 -2,969
  5. Financial System in national currency -19,991 -30,410 -27,225 -29,648 -9,657 762 -2,423
    a. Temporary purchase of securities 13,200 4,400 4,400 4,300 -8,900 -100 -100 b. Currency repo operations 1,800 200 200 0 -1,800 -200 -200
    c. Issued Securities 4/ -24,854 -24,046 -23,156 -22,639 2,215 1,407 517
    i. CDBCRP -24,854 -24,046 -23,156 -22,439 2,415 1,607 717
    ii. CDVBCRP 0 -200
    d. Public Sector Funds Auction 5,229 8,500 8,500 8,500 3,271 0 0 e. Other national currency deposits -15,366 -19,465 -17,169 -19,809 -4,443 -344 -2,640
  6. Public Sector (net) in national currency 5/ -33,673 -43,901 -43,891 -42,866 -9,193 1,035 1,025
  7. Financial System in foreign currency -67,027 -63,698 -68,991 -70,719 -3,692 -7,021 -1,728
    (Millions USD) -19,780 -18,897 -20,539 -20,868 -1,088 -1,971 -328
  8. Public Sector (net) in foreign currency -20,577 -17,138 -17,096 -16,944 3,633 194 152
    (Millions USD) -6,124 -5,101 -5,103 -5,013 1,111 88 90
  9. Other Net Accounts -49,378 -49,950 -48,837 -48,833 545 1,117 5
    III. PRIMARY ISSUANCE (I+II) 112,475 119,203 122,443 121,161 8,686 1,958 -1,282
    (Var. % 12 months) 14.5% 17.1% 12.4% 14.2%
    2/. As of September 15, 2026.
    3/ Includes SDR allocations, Public Treasury Global Bonds and Repo Operations to provide Foreign Currency. Flows 1/ 2/ 2026 September Week Monetary Accounts of the Central Reserve Bank of Peru (Millions S/) Balances 2026 5/ Includes BCRP securities and bonds issued by the Public Treasury, which the BCRP acquires in the secondary market in accordance with
    Article 61.
    1/ Isolates valuation effects due to exchange rate fluctuations. The variation of the balance in soles may differ from the flows due to this valuation effect. 4/ Includes BCRP CDs with dollar payment.

Weekly Information Summary: September 17, 2026 xvi SHORT-TERM YIELD CURVES On September 16, 2026, the BCRP CD yield curve registered, in comparison with that of September 9, higher rates for the 12 and 18-month terms, similar for the 9-month term and lower for the 3 and 6-month terms.

70
80
90
100
110
120
130
140
150
160
170
180
01-Jan-24 04-Sep-24 09-May-25 11-Jan-26 15-Sep-26 Nominal exchange rate indices (December 2018 = 100) Peru Chile Colombia Mexico Var. % with respect to December 2025 Peru 0.24 Chile 6.26 Colombia -17.43 Mexico -4.80

4.23 4.22
4.21 4.22 4.21 4.21 4.20
4.21 4.23 4.22
3 6 9 12 18
BCRP CD yield curve
(%)
16 Sep 2026
Months
9 Sep 2026

Weekly Information Summary: September 17, 2026 xvii PUBLIC TREASURY BONDS For terms from 2 years, markets take as reference the yields of Public Treasury bonds. On September 16, 2026, the interest rates of the sovereign bonds, compared to those of September 9, were higher for the terms of 2, 5 and 10, similar for the 20-year term and lower for the 30-year term.

3.55
3.98
6.61
6.71
6.71
3.73
4.27
6.75 6.71
6.70
2 5 10 20 30
Public Treasury bond yield curve
(%)
9 Sep 2026
16 Sep 2026
Years

INTERNATIONAL RESERVES
International reserves consist of diversified investments in liquid international assets and contribute to the economic and financial stability of the country. As of September 15, 2026, Net International Reserves totaled USD 97,683 million and its current level is equivalent to 26 percent of GDP. The Exchange Position as of September 15, 2026 reached the value of USD 69,154 million, higher by USD 7,653 million than that registered at the end of 2025.

71,883 71,033
78,987
90,214
95,072 97,295
94,716 97,020 98,436
95,553 97,034 96,518 97,683
Dec.22 Dec.23 Dec.24 Dec.25 Jan.26 Feb.26 Mar.26 Apr.26 May.26 Jun.26 Jul.26 Aug.26 15 Sep.26 Net International Reserves (Millions USD)

Weekly Information Summary: September 17, 2026 xviii INTERNATIONAL MARKETS Metal prices decrease in international markets Between September 9 and 16, copper price dropped 3.0 percent to USD/lb. 6.45, as an increase in inventories is registered. To this was added the appreciation of the dollar and the moderation of credit in China. From September 9 to 16, zinc price reduced 5.9 percent to USD/lb. 1.79 due to the appreciation of the dollar and probabilities of a more restrictive monetary policy by the Federal Reserve.

52,040 51,571
53,555
61,501
66,877
68,567
67,082 66,883 67,088 68,251 68,858 69,830 69,154 Dec.22 Dec.23 Dec.24 Dec.25 Jan.26 Feb.26 Mar.26 Apr.26 May.26 Jun.26 Jul.26 Aug.26 15 Sep.26 Exchange Position (Millions USD)

320
360
400
440
480
520
560
600
640
680
720
02-Jan-24 05-Sep-24 10-May-25 12-Jan-26 16-Sep-26 Copper Quotation (ctv. USD/lb.)
645
16 Sep.2026 9 Sep.2026 31 Aug.2026 31 Dec.2025 USD 6.45 / lb. -3.0 -2.1 13.8 Variation %

90
100
110
120
130
140
150
160
170
180
190
200
210
02-Jan-24 05-Sep-24 10-May-25 12-Jan-26 16-Sep-26 Zinc Quotation (ctv. USD/lb.)
179
16 Sep.2026 9 Sep.2026 31 Aug.2026 31 Dec.2025 USD 1.79 / lb. -5.9 -3.3 28.5 Variation %

Weekly Information Summary: September 17, 2026 xix From September 9 to 16, gold price reduced 3.1 percent to USD/oz.tr. 4,263.7 due to the appreciation of the dollar with respect to major currencies and the increase in the yields of United States Treasury bonds. Between September 9 and 16, WTI oil price increased 6.6 percent to USD/bl. 102.4 due to supply disruptions in the Middle East, especially due to the closure of the East-West pipeline of Saudi Arabia. It also influenced the suspension of the planned negotiations between Iran and the countries of the Persian Gulf. Wheat price decreases in international markets Between September 9 and 16, the wheat price decreased
0.8 percent to
USD/ton. 325.7, due to expectations of a possible ceasefire between Russia and Ukraine that would facilitate the commercialization of the grain through the Black Sea.

1,500
1,900
2,300
2,700
3,100
3,500
3,900
4,300
4,700
5,100
5,500
5,900
02-Jan-24 05-Sep-24 10-May-25 12-Jan-26 16-Sep-26 Gold Quotation (USD/oz.tr.)
4,264
16 Sep.2026 9 Sep.2026 31 Aug.2026 31 Dec.2025 USD 4,263.7 / oz tr. -3.1 -3.9 -1.3 Variation %

40
50
60
70
80
90
100
110
120
02-Jan-24 05-Sep-24 10-May-25 12-Jan-26 16-Sep-26 Oil Quotation (USD/bl.)
102
16 Sep.2026 9 Sep.2026 31 Aug.2026 31 Dec.2025 USD 102.4 / barrel. 6.6 19.4 78.4 Variation %

160
180
200
220
240
260
280
300
320
340
360
380
02-Jan-24 05-Sep-24 10-May-25 12-Jan-26 16-Sep-26 Wheat Quotation (USD/ton.)
326
16 Sep.2026 9 Sep.2026 31 Aug.2026 31 Dec.2025 USD 325.7 / ton. -0.8 -4.1 46.6 Variation %

Weekly Information Summary: September 17, 2026 xx From September 9 to 16, corn price rose 1.3 percent to USD/ton. 196.5 due to the increase in ethanol demand as a consequence of the higher oil price. In addition, the United States Department of Agriculture report of September reduced the corn yield forecast for the 2026/27 campaign. Between September 9 and 16, soybean oil price increased 2.5 percent to USD/ton. 1,626.7 due to the rise in oil price and due to expectations of higher Chinese demand for the American grain. The dollar appreciates in international markets In the same period, the dollar index increased 1.3 percent anticipating an increase in rates by the Federal Reserve, finally validated in its recent decision. The appreciation stands out against the euro (1.4 percent) and the Swiss franc (1.9 percent).

120
140
160
180
200
220
02-Jan-24 05-Sep-24 10-May-25 12-Jan-26 16-Sep-26 Corn Quotation (USD/ton.)
197
V
16 Sep.2026 9 Sep.2026 31 Aug.2026 31 Dec.2025 USD 196.5 / ton. 1.3 0.4 21.4 Variation %

750
900
1,050
1,200
1,350
1,500
1,650
1,800
02-Jan-24 05-Sep-24 10-May-25 12-Jan-26 16-Sep-26 Soybean Oil Quotation (USD/ton.)
1,627
Variation %
16 Sep.2026 9 Sep.2026 31 Aug.2026 31 Dec.2025 USD 1,626.7 / ton. 2.5 2.5 54.9

90
95
100
105
110
115
02-Jan-24 05-Sep-24 10-May-25 12-Jan-26 16-Sep-26 DXY Index 1/ (March 1973=100) 100 1/ Index of the value of the US dollar with respect to a basket of major currencies (euro, yen, pound, Canadian dollar, Swiss franc and Swedish krona). 16 Sep.2026 9 Sep.2026 31 Aug.2026 31 Dec.2025
100.1 1.3 0.7 1.8
Variation %

Weekly Information Summary: September 17, 2026

Bond Yields

Peruvian 10-year sovereign bond yields increased by 17 basis points to 6.2% between September 9 and 16, remaining at 6.2%, keeping it as one of the lowest in the region.

US Treasury yields stood at 5.02%.

Between September 9 and 16, the yield of the 10-year US Treasury bond rose by 18 basis points to 5.02%, due to concerns about inflation indicators in the United States, geopolitical tensions, and higher oil prices, which reinforce the probability of a more restrictive monetary policy by the Federal Reserve.

LIMA STOCK EXCHANGE INDICES

Between September 9 and 16, the General Index of the Lima Stock Exchange (Msci Nuam Peru General) and the Selective Index (Msci Nuam Peru Select) fell by 2.9% and 2.1%, respectively, due to the fall in metal prices.

10-Year Sovereign Bond Yields (%)

DatePeruChileColombiaMexico
16 Sep 20266.25.612.69.5
9 Sep 20266.035.412.369.31
31 Aug 20265.785.2211.749.02
31 Dec 20255.475.2912.679.09

Variation in basis points:

Country16 Sep vs 9 Sep16 Sep vs 31 Aug16 Sep vs 31 Dec 2025
Peru174273
Chile21831
Colombia2486-1
Mexico194941

10-Year US Treasury Interest Rate (%)

DateRate
16 Sep 20265.02%
9 Sep 20264.84%
31 Aug 20264.75%
31 Dec 20254.17%

Variation in basis points: 18 (vs 9 Sep), 27 (vs 31 Aug), 85 (vs 31 Dec 2025).

Lima Stock Exchange Indices (Base Dec 1991=100)

Index16 Sep 20269 Sep 202631 Aug 202631 Dec 2025
Peru General58,96560,70359,45046,300
Selective1,5511,5851,5601,200

Cumulative % variation vs:

PeriodGeneralSelective
9 Sep 2026-2.9%-2.1%
31 Aug 2026-0.8%-0.6%
31 Dec 202535.7%36.5%

Monetary and Foreign Exchange Operations Summary (Millions of Soles)

Date10 Sep11 Sep14 Sep15 Sep16 Sep
1. Balance of the current account of banking companies before BCRP operations16,358.613,358.716,442.616,362.917,232.8
2. Monetary and foreign exchange operations of the BCR before closing operations
a. Announced BCR operations
i. BCRP Deposit Certificate Auction (CD BCR)
Proposals received460.046.012.1
Maturity term84 d352 d540 d
Interest rates: Minimum4.174.204.24
Maximum4.204.234.25
Average4.194.224.24
Balance34,415.934,415.934,415.934,460.934,475.9
Next CD BCRP maturity on September 17, 2026600.2
CD BCRP maturity from Sep 17-18, 2026600.2
ii. Temporary Securities Purchase Auction (REPO)
Proposals received1,140.0
Maturity term91 d
Interest rates: Minimum4.54
Maximum4.57
Average4.56
Balance4,400.04,300.04,300.04,300.04,300.0
Next Securities Repo maturity on September 18, 2026500.0
Securities Repo maturity from Sep 17-18, 2026500.0
iii. Temporary Credit Portfolio Purchase Auction with National Government Guarantee (Regular)
Awarded balance53,399.953,399.953,399.953,399.953,399.9
iv. Temporary Credit Portfolio Purchase Auction with National Government Guarantee (Special)
Awarded balance1,882.21,882.21,882.21,882.21,882.2
v. BCR Variable Deposit Certificate Auction (CDV BCRP)
Proposals received480.0850.0
Maturity term184 d183 d
Margin: Minimum-0.02-0.03
Maximum0.040.00
Average0.00-0.02
Balance200.0650.0
Next CDV BCRP maturity on March 18, 2027650.0
vi. National Currency Time Deposit Auction (DP BCRP)
Balance3,500.1999.8500.04,268.53,500.1
(Continued data for other dates omitted for brevity in summary, see source for full table)
Proposals received4,063.11,860.01,270.34,268.53,836.0
Maturity term1 d7 d7 d1 d3 d
Interest rates: Minimum4.204.224.194.154.20
Maximum4.25
Average4.244.254.234.204.24
Balance17,268.615,835.718,438.218,040.417,824.5
Next Time Deposit maturity on September 17, 202611,294.0
Time Deposit maturity from Sep 17-18, 202612,294.0
vii. Public Treasury Time Deposit Placement Auction (COLOCTP)
Balance8,500.08,500.08,500.08,500.08,500.0
Next Coloc-TP maturity on September 25, 2026200.0
viii. BCRP Foreign Exchange Sale Swap Auction
Balance146.3110.1
ix. BCRP Foreign Exchange Purchase Swap Auction
Balance8,399.98,199.97,799.97,399.96,699.9
Next SC-Purchase maturity on September 17, 2026400.0
SC-Purchase maturity from Sep 17-18, 2026900.0
b. Off-Exchange Operations (Millions of US$)0.21.020.93.30.3
i. Purchases (Millions of US$)0.21.020.93.30.3
3. Balance of the current account of banking companies at the BCR before closing operations7,903.67,461.16,973.67,301.96,911.8
4. BCR monetary operations for closing operations
a. Temporary foreign currency purchase (swaps).
Commission (effective daily rate)0.0134%0.0134%0.0134%0.0134%0.0134%
b. Overnight National Currency Deposits3.00.016.09.00.0
Interest rate2.25%2.25%2.25%2.25%2.25%
5. Balance of the current account of banking companies at the BCR at closing operations7,900.67,461.16,957.67,292.96,911.8
a. Accumulated average national currency reserve funds (Millions of S/)20,639.220,165.018,999.418,731.318,496.8
b. Accumulated average national currency reserve funds (% of TOSE)7.47.26.86.76.6
Accumulated average national currency current account (Millions of S/)12,934.112,453.211,316.111,047.910,813.2
c. Accumulated average national currency current account (% of TOSE)4.64.54.14.03.9
6. Interbank market and secondary market for CD BCRP
a. Overnight national currency operations319.477.0-25.0150.0
Interest rates: Minimum / Maximum / TIBO4.25 / 4.25 / 4.254.25 / 4.25 / 4.25- / - / -0.00 / 0.00 / 4.254.25 / 4.25 / 4.25
b. Overnight foreign currency operations (Millions of US$)41.040.040.730.070.0
Interest rates: Minimum / Maximum / Average3.75 / 3.75 / 3.753.75 / 3.75 / 3.753.75 / 3.75 / 3.753.75 / 3.75 / 3.753.75 / 3.75 / 3.75
7. Foreign currency operations of banking companies (Millions of US$)
Date9 Sep10 Sep11 Sep14 Sep15 Sep
Global position flow = a + b.i - c.i + e + f + g2.595.8-119.2-105.5116.2
Accounting position flow = a + b.ii - c.ii + e + g-6.0138.6-161.2151.687.9
a. Spot market with the public-4.9133.4-156.188.971.9
i. Purchases378.9527.5350.4695.5513.1
ii. (-) Sales383.8394.1506.6606.6441.2
b. Forward and swap purchases from the public (with and without delivery)40.8-205.386.8-563.3-108.1
i. Contracted324.5791.1244.0378.9459.9
ii. (-) Matured283.7996.4157.2942.2568.0
c. Forward and swap sales from the public (with and without delivery)-11.8-267.093.8-198.0-19.1
i. Contracted336.4685.8342.5477.5484.8
ii. (-) Matured348.2952.9248.7675.6503.9
d. Interbank foreign exchange operations
i. Spot368.7450.4260.0429.3458.9
ii. Forward72.0111.0105.419.093.0
e. Spot operations associated with swaps and forward maturities without delivery59.6-37.687.4-210.8-46.4
i. Purchases341.6930.4217.2669.2496.5
ii. (-) Sales282.0968.0129.7880.0542.9
f. Effect of Options-1.2-9.00.5-10.0-1.0
g. Net operations with other financial institutions-39.1-96.447.5125.1116.6
h. Foreign currency monetary regulation credit
Interest rate

Note: Average interbank exchange rate (Source: Datatec) 3.3587 3.3709 3.3665 3.3798 3.3756 (*) Preliminary data

CENTRAL RESERVE BANK OF PERU
SUMMARY OF MONETARY AND FOREIGN EXCHANGE OPERATIONS (Millions of Soles)

Exchange Rates, Quotations, Interest Rates and Stock Market Indices

PeriodDec-23Dec-24Dec-2531-Aug09-Sep16-SepWeek Var %Month Var %Year Var %
EXCHANGE RATES
AMERICA
BRAZIL Real4.8526.1845.4775.1835.1085.1530.88%-0.57%-5.91%
ARGENTINA Peso808.4501,030.0001,451.0001,508.5001,513.5001,512.000-0.10%0.23%4.20%
MEXICO Peso16.95420.82018.00516.97916.89117.2422.08%1.55%-4.23%
CHILE Peso880.580992.600899.400933.800927.210953.9202.88%2.15%6.06%
COLOMBIA Peso3,8734,4023,7663,2193,0973,1331.15%-2.69%-16.82%
EUROPE
EURO Euro1.1041.0351.1751.1621.1631.147-1.44%-1.31%-2.38%
SWITZERLAND CHF per US$0.8420.9070.7930.8090.8110.8261.86%2.09%4.11%
ENGLAND Pound1.2731.2521.3481.3551.3551.338-1.23%-1.23%-0.69%
TURKEY Lira29.47735.33542.95048.16048.47648.6520.36%1.02%13.28%
ASIA AND OCEANIA
JAPAN Yen141.060157.180156.650159.730153.540156.2701.78%-2.17%-0.24%
KOREA Won1,294.401,476.781,440.511,367.081,339.781,376.882.77%0.72%-4.42%
INDIA Rupee83.1985.5589.8595.1695.1095.950.89%0.83%6.79%
CHINA Yuan7.0987.2996.9936.7206.7086.706-0.03%-0.20%-4.11%
AUSTRALIA US$ per AUD0.6810.6190.6670.7170.7220.709-1.82%-1.12%6.21%
QUOTATIONS
GOLD LBMA ($/Oz.T.)2,062.982,624.504,319.374,437.384,398.834,263.65-3.07%-3.92%-1.29%
SILVER H & H ($/Oz.T.)24.2529.6871.2666.5267.2762.96-6.41%-5.36%-11.65%
COPPER LME (US$/lb.)3.843.955.676.596.666.45-3.03%-2.12%13.78%
ZINC LME (US$/lb.)1.201.351.391.851.901.79-5.95%-3.27%28.51%
LEAD LME (US$/Lb.)0.920.870.890.850.850.84-1.23%-1.70%-5.81%
OIL West Texas ($/B)72.1271.7257.4285.7696.05102.436.64%19.44%78.39%
WHEAT SPOTS Kansas ($/TM)270.80236.72222.21339.51328.21325.73-0.76%-4.06%46.59%
CORN SPOTS Chicago ($/TM)169.97170.07161.90195.86193.99196.551.32%0.35%21.40%
SOYBEAN OIL Chicago ($/TM)1,108.48893.091,049.841,587.441,587.441,626.682.47%2.47%54.95%
INTEREST RATES (Var. in bps.)
US Treasury Bonds (3 months)5.344.323.563.773.854.0418.7026.9048.30
US Treasury Bonds (2 years)4.254.243.484.344.434.7430.6039.50126.30
US Treasury Bonds (10 years)3.884.574.174.754.845.0218.2027.3085.50
STOCK MARKET INDICES
AMERICA
U.S.A. Dow Jones37,69042,54448,06353,18652,38151,462-1.75%-3.24%7.07%
Nasdaq Comp.15,01119,31123,24226,37126,25325,978-1.05%-1.49%11.77%
BRAZIL Bovespa134,185120,283161,125177,419185,629185,548-0.04%4.58%15.16%
ARGENTINA Merval929,7042,533,6353,051,6173,033,8483,110,1643,028,871-2.61%-0.16%-0.75%
MEXICO IPC57,38649,51364,30865,43064,81563,507-2.02%-2.94%-1.25%
CHILE IPSA6,7106,19810,48111,31511,31511,3150.00%0.00%7.96%
COLOMBIA COLCAP1,1951,3802,0682,4252,5842,512-2.80%3.57%21.46%
PERU Gen. Ind.25,96028,96143,46559,45060,70358,965-2.86%-0.82%35.66%
PERU Select. Ind.6737761,1361,5601,5851,551-2.12%-0.55%36.49%
EUROPE
GERMANY DAX16,75219,90924,49026,25825,57625,538-0.15%-2.74%4.28%
FRANCE CAC 407,5437,3818,1508,3358,1578,141-0.20%-2.33%-0.11%
UNITED KINGDOM FTSE 1007,7338,1739,93110,82410,67010,6880.17%-1.25%7.62%
TURKEY XU1007,4709,83111,26214,33414,50513,123-9.53%-8.45%16.53%
ASIA
JAPAN Nikkei 22533,46439,89550,33966,31265,14363,923-1.87%-3.60%26.98%
HONG KONG Hang Seng17,04720,06025,63125,56725,27524,714-2.22%-3.34%-3.58%
SINGAPORE Straits Times3,2403,7884,6465,7555,7305,635-1.64%-2.08%21.29%
KOREA Kospi2,6552,3994,2146,8207,0526,718-4.73%-1.50%59.41%
INDONESIA Jakarta Comp.7,2737,0808,6476,5256,6786,437-3.61%-1.36%-25.56%
MALAYSIA Klci1,4551,6421,6801,7261,7141,679-2.05%-2.70%-0.05%
THAILAND SET1,4161,4001,2601,5951,6181,563-3.41%-2.03%24.06%
INDIA Nifty 5021,73123,64526,13024,08023,43223,218-0.91%-3.58%-11.14%
CHINA Shanghai Comp.2,9753,3523,9693,9863,9523,892-1.52%-2.38%-1.95%

Data corresponding to end of period
(*) Since August 11, 2009, the quotation corresponds to Sugar Contract 16 (Contract 14 ceased trading on August 10, 2009). Contract 16 has the same characteristics as Contract 14. () Since September 18, 2020, data corresponds to the weekly average. Source: Reuters, JPMorgan Preparation: Central Economics Research Department - International Economy Subdepartment.

Economic Indicators Summary

IndicatorDec 22Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Jul 26Aug 26Sep 2611 Sep 2614 Sep 2615 Sep 2616 Sep 26
Exchange Position52,04051,57151,84151,17754,52453,55555,05856,04957,22961,50167,08268,25168,85869,83069,30269,20669,154-676
Net International Reserves71,88371,03373,82871,41580,36578,98781,01685,26385,14890,21494,71695,55397,03496,51898,12497,79897,6831,165
Financial System Deposits at BCRP14,51712,65115,32012,62517,51917,79718,70118,24118,66820,68520,40120,58221,47719,74721,94921,75921,7852,038
Banking Companies13,49711,71914,35511,75316,63417,03117,96817,30217,77919,61819,25219,36620,11018,38120,54120,36020,3641,983
Bank of the Nation63969673069971659956068754173770767182478984984486273
Rest of Financial Institutions381236236173169167173252347331442545543577558554559-18
Public Sector Deposits at BCRP2,9684,4744,3425,4155,9465,3504,9388,5676,8445,6454,8754,3574,3174,5544,4894,4624,391-164
Foreign Exchange Operations35-12-17-482-354-110-58-316-1142,579-2251,845503352121335
Net Purchases at Trading Desk-100-2-502,240046618400000000
Operations with Public Sector45-12-15-477-354-110-58-316-114133-22565-73-240121335
Others0020601,3143925920000000000
Interbank Average Purchase Rate3.8093.7063.7163.8333.7043.7643.6673.5393.4703.3593.4863.4093.3973.3613.3663.3793.3753.375
Interbank Sale Rate3.8083.7053.7143.8273.7033.7583.6603.5343.4643.3583.4863.4033.3913.3573.3633.3733.3723.372
Real Exchange Rate Index (2009 = 100)99.195.893.894.996.492.390.891.589.886.587.486.886.586.3
National Currency / Domestic currency
Primary Emission (Monthly % Var.)2.84.30.73.1-0.22.8-2.11.8-0.17.11.62.90.71.22.01.61.6
Monetary Base (12-month % Var.)-2.4-2.2-2.74.210.09.29.810.98.414.519.918.416.917.114.614.814.2
Money Supply (Monthly % Var.)2.02.7-0.72.60.81.5-0.8-0.80.15.11.3-1.42.0
Money Supply (12-month % Var.)0.63.74.010.213.612.611.86.74.211.417.316.616.1
Private Sector Credit (Monthly % Var.)-0.60.00.50.3-0.2-0.10.40.10.00.40.60.41.3
Credit to Private Sector (12-month % Var.)2.30.90.31.80.70.92.11.94.35.25.97.78.2
TOSE Balance End of Period (Monthly % Accum.)-0.21.40.12.40.71.93.2-1.8-0.34.64.8-1.51.10.7-1.7-0.8
Average Reserve Surplus (% vs TOSE)0.20.30.40.20.10.01.61.2
Banks Current Account (Mill. S/)5,0136,5316,4885,6435,6566,1206,0476,3456,1867,4988,2658,1718,1118,0947,4616,9587,293
Public Deposits at BCRP (Mill. S/)77,88355,03853,75050,33049,11238,78339,03744,65137,35332,95934,14247,10744,93340,15539,11838,93239,07039,070
BCRP Deposit Certificates (Mill. S/)12,44435,08633,06336,06237,05136,55239,20836,93635,50737,07740,92837,57737,02636,18534,41634,41634,46134,461
Time Deposit Auction (Mill. S/)3,3893,2007,9007,5458,2925,9745,4385,6638,5039,40015,2319,14210,44116,37915,83618,43818,04018,040
BCRP Variable Rate CDs (CDV BCRP)13,0390200200
BCRP Redeemable CDs053065000000000000000
Currency Repo Operations (Mill. S/)1,1122279502506,0005,5001,8001,200400200200200200200200200200
Repo Operations (Mill. S/)8,91511,2598,79214,17612,4618,5868,88514,40912,60015,0007,9945,4805,2004,6004,3004,3004,3004,300
TAMN14.2815.8715.7115.6514.7214.8814.7714.9915.3515.9216.7416.5116.6116.7516.9116.9517.0316.86
Loans up to 360 days13.9514.5814.0613.1511.6911.3714.8215.4316.5818.2420.2520.6420.9920.8120.9921.0721.0920.79
Interbank7.456.866.245.745.354.954.724.504.374.244.254.244.25
Preferential Corporate Rate 90 days8.767.666.616.245.545.194.985.014.934.784.714.634.684.644.57
Repo Operations with CD BCRP5.045.494.494.964.974.944.634.554.734.584.624.554.614.664.65
Currency Repo Operations3.290.500.50s.m.s.m.s.m.4.884.954.904.724.654.994.584.58s.m.s.m.s.m.s.m.
Monetary Regulation Credits0.50
From CD BCRP Balance6.676.685.975.555.134.764.604.374.074.004.024.054.074.094.10
From Time Deposit Balance7.366.466.185.695.164.834.724.394.114.164.234.224.214.24
CDV BCRP - MN Spread-0.02s.m.s.m.s.m.s.m.s.m.s.m.s.m.s.m.s.m.s.m.s.m.4.25s.m.s.m.s.m.0.000.00
Foreign Currency / foreign currency
Private Sector Credit (Monthly % Var.)0.30.82.2-0.1-0.60.50.22.30.71.9-0.21.01.6
Private Sector Credit (12-month % Var.)12.03.2-0.5-0.6-3.3-3.5-1.53.57.311.812.312.313.6
TOSE Balance End of Period (Monthly % Accum.)-2.1-1.26.8-2.52.7-0.3-2.72.22.9-2.1-0.35.3-2.61.20.90.9
Average Reserve Surplus (% vs TOSE)0.51.21.71.10.40.60.50.40.40.90.40.40.30.25.04.9
TAMEX9.1011.0611.0510.8410.7810.659.969.669.729.799.789.389.389.439.409.419.469.40
Interest Rates (%)
Loans up to 360 days6.428.238.117.747.567.046.356.066.015.815.705.505.505.455.525.525.495.49
Interbank4.235.505.495.545.384.504.253.75
Preferential Corporate 90 days5.526.326.176.105.644.944.444.334.343.973.843.703.693.743.673.68
Liquidity Dollarization Ratio (%)29.828.530.228.327.727.628.027.727.625.526.026.726.1
Deposit Dollarization Ratio (%)35.734.135.933.733.433.333.933.833.931.431.832.832.1
Stock Market General Index (Monthly % Var.)-5.018.40.5-1.15.3-1.55.44.58.911.5-8.70.93.43.6-0.3-0.9-0.3-0.3
Stock Negotiated Amount (Mill. S/)42.130.733.643.946.1123.854.641.049.250.548.483.539.363.537.282.364.253.0
Monthly Inflation0.790.411.010.12-0.240.110.810.130.010.242.380.230.290.07
12-Month Inflation8.463.243.052.291.781.971.281.691.361.513.804.014.074.44
Primary Result-14,357-15,358-938-2,957-2,809-10,657562-2,055-3,812-11,5961,1701,897-1,0182,598
General Government Current Income15,88715,38715,36114,34117,93919,14518,52317,08616,88820,51821,47221,20820,99223,860
General Government Non-Financial Expenses30,34530,48116,31017,48424,12530,95018,07919,67620,87733,04020,63819,94922,34021,055
Trade Balance1,3852,3361,5732,3192,5792,3712,4382,7954,3914,1564,1763,1693,308
Exports5,9406,5015,6956,2046,8997,0697,1877,2209,2429,62110,0278,90610,068
Imports4,5554,1654,1223,8854,3204,6984,7494,4244,8515,4655,8515,7376,759
% Variation vs Previous Period1.3-0.9-0.40.43.55.14.84.94.44.13.31.83.6

Includes Promcepri deposits, Fiscal Stabilization Fund (FEF), Cofide, funds administered by the ONP; and other MEF deposits. The detail is presented in Table No. 23 of the Weekly Note. As of January 18, 2008, the BCRP uses national currency time deposits as a monetary instrument. As of October 6, 2010, the BCRP uses National Currency Variable Interest Rate Deposit Certificates (CDV BCRP) and Redeemable Dollar Certificates (CDLDBCRP) as monetary instruments. Corresponds to an average of loan rates up to 360 days for different types of corporate and consumer credits. As of September 1, 2025, the SP/BVL Peru General becomes the MSCI NUAM PERU GENERAL.

Sources: BCRP, INEI, Bank of the Nation, BVL, Sunat, SBS and Reuters.
Preparation: Macroeconomic Database Department 2026-09-17

Gross Domestic Product (Index 2007=100)

Year20222023202420252026
GDP

International Reserves (Mill. USD)

| Year | 2022 | 2023 | 2024 | 2025 | 2026

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Source: Banco Central de Reserva del Peru — original document

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