Peru: Business credit interest rate
* indicates monthly or quarterly data series
The most recent value is 8.34 percent as of July 2024, a decline compared to the previous value of 8.49 percent. Historically, the average for Peru from August 2010 to July 2024 is 7.15 percent. The minimum of 3.34 percent was recorded in June 2021, while the maximum of 9.27 percent was reached in October 2023.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Central Reserve Bank of Peru
| Recent values | Peru: Business credit interest rate, percent |
|---|---|
| 2024 Jul | 8.34 |
| 2024 Jun | 8.49 |
| 2024 May | 8.63 |
| 2024 Apr | 8.71 |
| 2024 Mar | 8.83 |
| 2024 Feb | 8.93 |
| 2024 Jan | 9.06 |
| 2023 Dec | 9.11 |
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Definition: The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 6.5 | 2023 | percent |
| Exchange rate regimes | 7 | 2021 | index points |
| USD exchange rate | 3.7273 | 9/2023 | Local Currency Units per USD |
| Money supply (broad money) | 312.81 | 9/2023 | billion |
| Consumer Price Index (CPI) | 112.5211 | 9/2023 | index points |
| Inflation, monthly | 0.06 | 9/2023 | percent |
| Inflation, annual | 5.27 | 9/2023 | percent |
| Private sector credit | 416.71 | 9/2023 | billion |
| Business credit | 248.05 | 9/2023 | billion |
| Household credit | 168.66 | 9/2023 | billion |
| Mortgage credit | 65.85 | 9/2023 | billion |
| Consumer credit | 102.81 | 9/2023 | billion |
| Deposit interest rate | 7.69 | 9/2023 | percent |
| Business credit interest rate | 9.25 | 9/2023 | percent |
| Mortgage credit interest rate | 7.18 | 9/2023 | percent |
| Policy rate | 7.50 | 9/2023 | percent |