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Peru's central bank chief Julio Velarde will soon mark 20 years commanding Latin America's most stable currency — and is now beginning to signal who he would like to succeed him....
Peru kept interest rates unchanged as below-target inflation gives policymakers the flexibility to wait to see how election uncertainty and US tariffs affect growth and prices....
Peru left interest rates unchanged on Thursday as policymakers gauge the impact of the trade war between the US and China — its two biggest trading partners — and the turmoil engulfing world markets....
UPDATE 1-Peru's central bank ticks up 2024 economic growth forecast to 3.2% Adds quote, details and background LIMA, Dec 20 (Reuters) - Peru's central bank expects the nation's economy to grow 3.2% this year, up from its prior forecast of 3.1%, the bank said in a report on Friday. The growth follows a recession last year, when the gross domestic product (GDP) contracted by 0.6%....
UPDATE 1-Peru central bank holds benchmark rate at 5% Adds details on economic context LIMA, Dec 12 (Reuters) - Peru's central bank held the benchmark interest rate at 5% on Thursday, matching analysts' expectations. Peru has one of Latin America's lowest benchmark interest rates, and the central bank said in a statement that future rate changes will depend on inflation data and its determinants....
Peru's high public spending holding back faster interest rate cuts, cenbank chief says MEXICO CITY, Nov 28 (Reuters) - Peru's high public spending, which has pushed the fiscal deficit past the government's target, is hindering quick reductions in interest rates, the country's central bank chief said on Thursday. WHY IT'S IMPORTANT Peru's high fiscal deficit limits the central bank's ability to cut interest rates more rapidly, even as prices fall in the Andean nation and as the government calls f...
PERU CENTRAL BANK ECONOMIST: ALL INDICATORS OF INFLATION AND ITS DETERMINANTS TELL US THAT FOR THE MOMENT THE TRAJECTORY TO FOLLOW IS ONE OF GRADUAL RATE CUTS...