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    Hugo Vega
    Hugo Vega
    BBVA Research - Senior Economist

    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.


    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.

    Latest publications

    June 19, 2024

    Peru Economic Outlook. June 2024
    Output will grow 2,9% this year (previous forecast: 2,7%), supported by a new pension funds withdrawal. Sectors affected by weather anomalies in 2023 will recover and non-primary sectors too thanks to increased private spending. In 2025, once the impact of pension funds withdrawals is exhausted, growth would reach 2,7%.

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    June 17, 2024

    Peru | GDP recovers in April and grows 5.3%: a positive surprise
    GDP expanded 5.3% YoY in April. This result was influenced by the fact that some activities were affected by two more days of productive activity given that Easter was celebrated in April last year, while this year it was scheduled in March.

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    June 14, 2024

    Peru | BCRP surprises the market again, this time with a pause in June
    In its June decision, the Board of the Central Bank decided maintain the reference rate at 5.75%. The monetary policy stance, understood as the real ex-ante reference rate, remains in restrictive territory.

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