Peru | Monetary pause continues in July
11 July 2025
At its July meeting, the Central Bank's Board held its benchmark interest rate at 4.50%. In real terms, the rate remains close to the neutral rate.
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Marco Ortiz was Associate Professor in the Department of Economics and a Research Fellow at the Research Center of Universidad del Pacífico, where he also served as chief editor of the university’s academic journal. He held senior positions at the Central Reserve Bank of Peru, including Deputy Manager of Monetary Policy Design and Head of the Macroeconomic Modeling Department, and worked as a Consultant and Professional Associate at the World Bank.
He holds a Bachelor’s degree in Economics from Universidad del Pacífico and both a Master’s in Economic Research and a Ph.D. in Economics from the London School of Economics and Political Science (UK). He has authored several papers in specialized journals and macroeconomics textbooks. His research focuses on macroeconomics and finance, and he is a regular contributor to leading Peruvian media outlets.