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Hugo Vega
Hugo Vega
Senior Economist
Lima

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

Economic activity grew by 1.4% year-on-year in July (June: 3.4%). The slowdown is mainly explained by the contraction of the primary component, both in mining and in hydrocarbons. On the non-primary side, a greater slowdown was observed compared to the previous month.
The Board of the Central Bank decided to increase the monetary policy rate from 6.50% to 6.75% in September. The Bank tightened the monetary policy stance understood as the real ex-ante policy rate to a level slightly above neutral.
The Consumer Price Index for the city of Lima increased 0.67% MoM in August. This is a result of the increase in the prices food and electricity, compensated by lower transport prices.