MNI Peru CB Preview – Jan 2026: Current Rate Stance Justified

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Jan-06 15:15By: Jack Lewis

Full PDF publication here: MNI Peru Central Bank Preview - Jan 2026.pdf

  • Expectations are firmly tilted towards the BCRP holding the reference rate steady at 4.25% in January.
  • Robust activity data and inflation data consistent with the 1-3% target range should keep additional policy easing as unwarranted at this juncture.
  • Furthermore, analysts believe the policy rate will not be used an instrument to lean against recent PEN appreciation.