Hugo Vega is currently a Principal 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.
Prior to this, he was an Assistant Manager of Investment Strategy at AFP Integra and he has also worked within the Management of Economic Studies at the Central Reserve Bank of Peru, where he led the Monetary Programme.Hugo has a PhD in Economics from the London School of Economics and Political Science (London, UK). He has published a number of papers on macroeconomic issues such as monetary policy, macroprudential tools, financial friction.April 15, 2025
In February, GDP grew 2.7% year-on-year, below the market consensus (3.4%), affected by a negative base effect. The non-primary component grew 2.5%, with construction being the most notable. The primary component grew 2.3%, driven by fishing and agriculture. Mining contracted due to lower gold and zinc production.
April 11, 2025
In its April meeting, the Board of the Central Bank decided to keep the policy rate at 4.75%. The monetary policy stance, understood as the real ex-ante reference rate, remains slightly above neutral.
April 1, 2025
The CPI increased 0.81% month-over-month in March, driven by weather anomalies and the adjustment in student pensions. In contrast, the decrease in transportation prices and the return to normal fare prices after the Carnival holidays helped moderate inflation.
