Most recent posts from Latin America

The BCRP kept its policy rate at 4.25% for the ninth consecutive month. Headline inflation (3.9%) and core inflation (4.4%) remain above the target, and according to the statement, convergence will extend into 2027. We do not rule out the possibility that the BCRP may adjust its policy during the second half of the year.

Inflation in May came in line with BBVA Research expectations and continued its upward trend, reaching 5.84% year-on-year, representing an increase of 16 basis points (bps) compared to April and 74 bps relative to the end of last year.

The national unemployment rate remained at 8.8% in April 2026, interrupting the downward trend observed since 2025. This result responded to proportional increases in both the employment rate and the overall participation rate. Thus, job creation continued to be dynamic, with an annual growth of 3.0%.

In May, the Metropolitan Lima CPI fell 0.16% m/m (consensus: +0.08%). The decline was driven mainly by lower prices for food (–1.69%) and transport (–0.19%). As a result, annual inflation eased to 3.9%, from 4.0% in April.

Where is the construction sector heading? Discover how the revival of civil works and the new dynamics of the rental market are reshaping housing in the country, opening key strategic opportunities amidst demanding commercial and technological challenges.

President Trump issued an executive order on May 19 aimed at outlining measures to restrict undocumented migrants' access to the U.S. financial system, including the use of remittance services and digital payment methods.

GDP grew by 2.2% in the first quarter of 2026, a figure similar to that reported for the fourth quarter of 2025. This growth was driven primarily by final consumption and investment in machinery and equipment.