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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

GDP grew 1.7% year-on-year in November. A somewhat lower figure than the previous month due to lower landings of anchovy. The non-primary component of GDP continued to lose dynamism in a context with less favourable conditions for private spending.
The Board of the Central Bank decided to increase the monetary policy rate from 7.50% to 7.75% in January. The Bank tightened the monetary policy stance understood as the real ex-ante policy rate to a more restrictive level.
The Consumer Price Index in Lima increased 0.79% month-on-month in December. This was mainly due to the increase in food prices and interprovincial transport (due to increased demand for year-end celebrations).