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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

In its September meeting, the Board of the Central Bank decided to cut the policy rate by 25 basis points to 5.25%. The monetary policy stance, understood as the real ex-ante reference rate, remains in restrictive territory.
GDP grew 0.21% year-on-year in June, below market expectations. By productive sectors, both the primary and non-primary components moderated compared to the previous month.
In its August decision, the Board of the Central Bank decided to cut the policy rate by 25 basis points to 5.50%. The monetary policy stance, understood as the real ex-ante reference rate, remains in restrictive territory.