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Peru puts partisans on central bank’s board of directors
Posted by Colin Post on Oct 28, 2016 1 comment

Peru puts partisans on central bank’s board of directors

Peru’s opposition-controlled Congress is widely criticized for electing two of Keiko Fujimori’s former running mates as directors of the central bank. The Popular Force party which controls 71 seats in  Full Article »

Oil troubles drag Peru’s economic growth below expectations
Posted by Colin Post on Aug 16, 2016 1 comment

Oil troubles drag Peru’s economic growth below expectations

Peru’s economic growth in 2016 is developing slightly lower than economists’ expectations due to a collapse in oil production and fishing. Peru’s statistical agency, INEI, released data showing the economy  Full Article »

Peru inflation slowly declining toward central bank’s target
Posted by Colin Post on Jun 2, 2016 Leave a comment

Peru inflation slowly declining toward central bank’s target

Inflation data in Peru showed prices in May picked up slightly since April but continued a downward trend with an annualized rate of 3.5%. Peru’s INEI statistical agency said that  Full Article »

Rise of Veronika Mendoza hammers Peru markets
Posted by Colin Post on Apr 5, 2016 1 comment

Rise of Veronika Mendoza hammers Peru markets

Peru’s currency and equity markets have fallen drastically on news that leftist candidate Veronika Mendoza may qualify for a runoff in 2016 presidential elections. The sol had strengthened 5.8% in  Full Article »

Peru raises key interest rate as sol breaks 3.50
Posted by Colin Post on Feb 12, 2016 2 comments

Peru raises key interest rate as sol breaks 3.50

Peru’s central bank raised its key lending rate to 4.25% on Thursday as its weakening currency continues to spur rising prices in food and utilities. The central bank raised the  Full Article »

Cesar Acuña promises state controls on prices, exchange rate
Posted by Colin Post on Jan 25, 2016 Leave a comment

Cesar Acuña promises state controls on prices, exchange rate

Presidential candidate Cesar Acuña said that Peru’s government should enact price controls and the central bank should manage the exchange rate. In an interview on Canal N’s Agenda Politica, Acuña  Full Article »

Peru hikes key rate, forecasts stronger growth in 2016
Posted by Colin Post on Jan 16, 2016 1 comment

Peru hikes key rate, forecasts stronger growth in 2016

Peru’s central bank raised its key interest rate for the second time in two months to curb inflation after December data showed the fastest rise in prices in four years.  Full Article »

Peru hikes interest rate as prices continue rising
Posted by Colin Post on Dec 11, 2015 Leave a comment

Peru hikes interest rate as prices continue rising

Peru’s central bank has raised its key benchmark interest rate from 3.5% to 3.75% in an effort to slow rising inflation and a weakening currency. In a statement, Peru’s central  Full Article »

Peru hints at rate hike as dollar reserves shrink
Posted by Colin Post on Nov 13, 2015 Leave a comment

Peru hints at rate hike as dollar reserves shrink

Peru’s central bank left its key interest rate unchanged but suggested the possibility of a hike in December as the dollar continues to gain on the sol. The central bank  Full Article »

Peru raises key interest rate to stem inflation
Posted by Colin Post on Sep 10, 2015 Leave a comment

Peru raises key interest rate to stem inflation

Peru’s central bank surprised analysts when it raised its key interest rate from 3.25% to 3.5% in an effort to slow rising inflation. The move came as a surprise to  Full Article »