Publications and economic news

The BCRP raised the benchmark interest rate to 4.50% due to supply shocks, rising inflation expectations, and strong domestic demand. The decision addresses the persistence of El Niño effects and geopolitical tensions in the Middle East to ensure inflation returns to the target range.

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

The Big Data consumption indicator in Spain fell by 1.5% year-on-year in the first week of November, reversing the previous rebound. Heterogeneity persists across categories, with Insurance and finance (+9.6%) rising and Other goods and services (-8.0%) falling. Disparate results are seen at a regional level.

Annual inflation remained stable at 6.30% in October, although it remains 120 bps above the level observed at the end of last year. The stability in annual inflation was explained by offsetting pressures across baskets: while food inflation increased, inflation excluding food declined.

Private consumption in Peru, measured by the Big Data Index, grew 9.0% year-on-year in October, a slight moderation from September. This progress is supported by credit growth and a robust labor market, although it is dampened by the erosion of purchasing power due to inflation (5.3%).

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

The consumption indicator continues the improvement started in mid-October, confirming a shift from the downward trend previously observed across different sectors and regions.