The BCRP follows a policy of Explicit Inflation Targets. The inflation target (a range between 1 and 3 percent) seeks to anchor inflation expectations at a level similar to that of developed economies and establish a permanent commitment to currency stability.
Informative notes on the Monetary Program
It contains a description of the decision on the reference interest rate, the basis for such decision, the explanation of the evolution of inflation, as well as the interest rates for the BCRP's operations with the financial system.
