Peru’s benchmark interest rate was raised to 4.50% in November 2026, up from 4.25% in October, according to data updated on 12 November 2026. The move marks a 25-basis-point increase in the country’s key policy rate, signaling a continued tightening stance by the monetary authorities.
The previous rate of 4.25% had been in place since October 2026. With the November decision, the central bank has now pushed borrowing costs higher, a shift that could influence credit conditions, consumer spending and investment across the Peruvian economy.
The latest adjustment places the benchmark rate at 4.50%, reinforcing the central bank’s current policy trajectory as it navigates evolving domestic and global economic conditions through the end of 2026.