Peru’s central bank revised its 2025 GDP growth forecast to 3.2%, up from 3.0%, though still below the government’s target of 4%. Central bank chief Julio Velarde mentioned that achieving the government’s target is “feasible,” but current conditions suggest it won’t happen. The central bank maintained its inflation outlook at 2.0% for both 2025 and 2026, and expects the fiscal deficit to meet legal ceilings for 2025 and 2026.