Hugo Vega
Hugo Vega
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

Economic activity grew 3.8% YoY in March, following a 4.9% print in February. The non-primary component grew 5.4%, reflecting the removal of sanitary isolation measures. The primary component of GDP fell -2.2%; the sterner contractions of Fishing and Metallic Mining stand out.
The Board of the Central Bank decided to increase the monetary policy rate from 4.50% to 5.00% in May. The Bank continued the normalization of monetary policy but pointed to lower external headwinds and pessimism in expectations.
The Consumer Price Index for the city of Lima increased 0.96% MoM in April. This is a result of the increase in the prices of food and non-alcoholic beverages and transportation, in a context of higher international prices of foodstuffs and fuels.