Hugo Vega is currently a Senior Economist from the BBVA Research Peru Unit. He is part of a team devoted to macroanalysis of the Peruvian economy. He is also a professor and teaches the Master’s Degree in Economics at the Pontifical Catholic University of Peru and the Faculty of Economics of the University of Piura.
December 2, 2024
The consumer price index increased 0.09% m/m in November. The result for the month is mainly explained by the increase in the prices of some foods, electricity rates, and domestic gas. With this result, the interannual inflation rate stood at 2.3% in November, in the center of the BCRP's target range.
November 15, 2024
Activity advanced 3.2% year-on-year in September. By productive sectors, the behavior of the non-primary component of GDP stood out, and within this, that of some services, non-primary manufacturing (greater manufacturing of capital goods), and commerce.
November 8, 2024
In its November meeting, the Board of the Central Bank decided to cut the policy rate by 25 basis points to 5.00%. The monetary policy stance, understood as the real ex-ante reference rate, remains above neutral.
