Peru

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

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

In Q106 the Peruvian economy maintained the stellar pace of activity in set in the second half of 2005. Growth came in at 6.8% y-o-y during the quarter, driven by still-high commodity... 2006-07-20

Peru registered real GDP growth of 3.63% y-o-y in April, a considerable decline from March's out-turn of 10.7%. Indeed, it was the slowest pace of expansion in 18 months; and, according... 2006-07-14

President-elect Alan García has refused to apologise to Venezuela's Hugo Chávez to end a diplomatic rift between the two countries. Chávez openly backed opposition candidate Ollanta... 2006-07-14

BMI View: With the economy growing strongly, inflation has been an increasing concern. After coming in at 1.5% in 2005, we are forecasting a 2.5% CPI result this year (April inflation... 2006-06-14

Former president Alan García looks to have claimed victory in the second-round of Peru's aggressively fought elections. With 83.96% of the vote counted, García had won 54.69% of... 2006-06-05

The central bank (BCRP) raised its reference rate by 25bps to 4.50% on May 4. It was the sixth hike since last December, and was accompanied by yet another statement by the BCRP that... 2006-05-19