Peru

The Peruvian central government has announced its intentions to transfer approximately US$1bn to municipal councils by December 2007, in order to speed up the decentralization process.... 2006-11-06

BMI View: The Peruvian sol hit a 7½-year high recently of PEN3.206/US$, in line with our view that the pressures on the currency are firmly to the upside. Indeed this could presage... 2006-11-06

Interest rates, which had been on the rise partly due to market uncertainty resulting from the presidential election earlier this year, have been left unchanged during the past five... 2006-10-09

Corruption is the most pressing problem facing the Peruvian justice system and has allegedly even penetrated the highest levels of the judiciary. As such, new and extreme measures... 2006-10-09

BMI View: The current account surplus widened to US$596mn in the second quarter, representing 2.5% of GDP. This was on the back of strong growth and high levels of investment driven... 2006-09-07

The Peruvian authorities have made little secret of their goal to bring the country's credit rating to investment grade. Their efforts, combined with fortuitous external conditions,... 2006-09-01

The Peruvian authorities have made little secret of their goal to bring the country's credit rating to investment grade. Their efforts, combined with fortuitous external conditions,... 2006-09-01

July CPI came in at 1.5% y-o-y, marking the third consecutive month of deflation. We are forecasting CPI of 2.5% and 2.6% in 2006 and 2007. This reflects our view that the medium-term... 2006-08-21

July CPI came in at 1.5% y-o-y, marking the third consecutive month of deflation. We are forecasting CPI of 2.5% and 2.6% in 2006 and 2007. This reflects our view that the medium-term... 2006-08-11

We think that the sol has the chance to hit our long-term PEN3.1500/US$ target sooner than we had anticipated. The upside pressures on the currency appear to have mounted over the... 2006-08-10