Peru Holds Key Interest Rate at 4.25% in May, Extending Pause in Policy Moves

Peru’s central bank kept its benchmark interest rate unchanged at 4.25% in May 2026, continuing the monetary policy stance it set in April. The decision means borrowing costs remain steady for a second consecutive month, as policymakers opt for continuity amid current economic conditions.

The key rate, which was last adjusted in April 2026 and has since remained at 4.25%, reflects the authorities’ current assessment of inflation and growth dynamics. With no change announced in May, markets and businesses now look ahead to upcoming data releases and signals from the central bank for clues on the future direction of policy.

The latest figures, updated as of 14 May 2026, confirm that Peru is maintaining a wait-and-see approach, leaving the door open for potential adjustments later in the year depending on how domestic and global economic trends evolve.