The Central Reserve Bank of Peru (BCRP) has reduced the benchmark interest rate from 6% to 5.75% to stimulate the economy. This implies that loans will be cheaper and more accessible, encouraging spending and investment. However, it may also influence the value of the dollar in Peru.
When the interest rate falls, investors may look for better yields in other countries, selling Peruvian soles to buy dollars, which will increase the price of the dollar.
For example, if you are a Peruvian importer who needs dollars to buy products abroad, you could end up paying more for those dollars due to this measure. Stay informed about these changes to better understand their possible effects on your business.
Translated with DeepL.com (free version)
