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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

The Consumer Price Index of Lima registered a variation of 0.36% MoM in November (Bloomberg consensus: +0.30%). This is mainly a result of higher fuel prices, water tariffs and prices of food in restaurants.
The Board of the Central Bank decided to increase the monetary policy rate from 1,50% to 2,00% in November. In this manner, the Bank gradually reduces the expansive stance of monetary policy given unanchored inflation expectations.
The Peruvian economy will grow 12,2% in 2021. Activity has been showing relatively favorable performance, a positive surprise. However, the deterioration of confidence will weaken this impulse looking forward and, together with lesser external tailwinds, will result in a 2,3% growth of economic activity in 2022.