Peru Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Peru's interest rate spread was 6.57% in 2025, ranked 28th globally. This represents a 15.5% decrease from 2024. Data from World Bank, covering 1988–2025.
Overview
Peru's interest rate spread stood at 6.57% in 2025, a decline of +1.20pp from 2022. Based on recent trends, this figure is projected to reach 6.57% by 2025. Peru ranked 28th globally.
Peru's interest rate spread stood at 6.57% in 2025, ranking 28th globally, placing it between Montenegro at 6.45% and Tonga at 6.42%. The country has experienced extreme volatility in this indicator over the past 36 years, with an all-time peak of 1820.45% in 1990, reflecting the severe financial instability during that period, followed by a dramatic contraction to a historic low of -6.29% in 1988. This pronounced swing underscores structural shifts in monetary policy and financial sector development since the late 1980s, including efforts to stabilize inflation and strengthen banking institutions. In recent years, the spread has stabilized within a narrower range, suggesting improved macroeconomic management and greater confidence in the financial system. However, the current level remains relatively high compared to regional peers such as Colombia, which recorded a spread of 7.02%, indicating potential inefficiencies in credit intermediation. Looking ahead, further reductions in the interest rate spread would likely depend on deepening financial inclusion, enhancing competition among lenders, and maintaining consistent monetary policy frameworks.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2025* trend | 6.57% | - | - |
| 2025 | 6.57% | −1.20pp | #28 |
| 2022 | 7.78% | −2.51pp | #71 |
| 2021 | 10.28% | −0.79pp | #88 |
| 2020 | 11.08% | +0.36pp | #93 |
| 2019 | 10.72% | −0.48pp | #94 |
| 2018 | 11.20% | −1.14pp | #98 |
| 2017 | 12.33% | +0.78pp | #114 |
| 2016 | 11.55% | −0.44pp | #113 |
| 2015 | 11.99% | +0.07pp | #112 |
| 2014 | 11.92% | −2.69pp | #112 |
| 2013 | 14.61% | −0.75pp | #123 |
| 2012 | 15.36% | +0.35pp | #121 |
| 2011 | 15.01% | −1.83pp | #118 |
| 2010 | 16.85% | +0.16pp | #118 |
| 2009 | 16.69% | −1.54pp | #116 |
Detected Pattern
Analysis
Peru matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw interest rate spread improve within 24 months. View full analysis →
Frequently Asked Questions
Peru's interest rate spread was 6.57% in 2025. Ranked 28th globally. This represents a 15.5% decrease from the previous year.
Peru's interest rate spread peaked at 1,820.45% in 1990.
The lowest interest rate spread in Peru was -6.29% in 1988.
Peru ranks 28th globally in interest rate spread as of 2025.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
Peru's interest rate spread is projected to reach 6.57% by 2025 based on trend extrapolation.
The interest rate spread of Peru in 2025 was 6.57%. This ranks 28th in the world.
Cite this page
@misc{historysaid_peru_interest-rate-spread,
title = {Peru Interest Rate Spread},
url = {https://historysaid.com/peru/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}