Peru: Deteriorating terms of trade and trade balance in Q1
Nader Nazmi, Oscar Munoz - Market Economics
Latam Macro Snapshot | 13 May 2013 20:37 |
The trade balance shifted to a deficit of USD 29mn in Q1 from a surplus of USD 1.5bn in Q4. On a 12-month accumulated basis, Peru’s trade surplus narrowed to USD 3.4bn in March from USD 10.8bn a year ago.
Showing posts with label Peru. Show all posts
Showing posts with label Peru. Show all posts
Monday, May 13, 2013
Tuesday, January 29, 2013
Peru: No capital controls, but USD purchases by the finance ministry to help stem SOL appreciation.
Peru: No capital controls, but USD purchases by the finance ministry to help stem SOL appreciation.
Central Reserve Bank of Peru President Julio Velarde on Friday said that capital controls are not needed for stemming the pace of SOL appreciation. He said that he has never considered capital controls as an option and that the sol appreciation reflects its strong fundamentals. Finance Minister Luis Miguel Castilla announced government plans to purchase as much as USD 4.0bn this year to help the central bank control the pace of SOL appreciation. According to Minister Castilla, proceeds from USD purchases will be used to service and prepay external debt, as well as increase savings in the country’s Fiscal Stabilization Fund (FEF).
Central Reserve Bank of Peru President Julio Velarde on Friday said that capital controls are not needed for stemming the pace of SOL appreciation. He said that he has never considered capital controls as an option and that the sol appreciation reflects its strong fundamentals. Finance Minister Luis Miguel Castilla announced government plans to purchase as much as USD 4.0bn this year to help the central bank control the pace of SOL appreciation. According to Minister Castilla, proceeds from USD purchases will be used to service and prepay external debt, as well as increase savings in the country’s Fiscal Stabilization Fund (FEF).
Monday, December 3, 2012
Peru: The central bank to remain on hold again this week
Peru: The central bank to remain on hold again this week
PERU
The long pause to continue this week. The central bank (BCRP) has kept the policy rate unchanged for 18 consecutive months. We expect this to continue this week and into next year.
PERU
The long pause to continue this week. The central bank (BCRP) has kept the policy rate unchanged for 18 consecutive months. We expect this to continue this week and into next year.
Tuesday, November 27, 2012
Peru, Chile and Mexico are Societe Generale's favourites for LatAm investments
http://www.investmenteurope.net/
Peru, Chile and Mexico are Societe Generale's favourites for LatAm investments
By: Chiara Albanese
27 Nov 2012
Despite the global slowdown, favorable domestic conditions have supported the growth of Latin America's most open economies, such as Peru, Chile and Mexico, and forecasts suggest strong capital inflows for 2013 which will fuel credit growth, according to Societe Generale.
Peru, Chile and Mexico are Societe Generale's favourites for LatAm investments
By: Chiara Albanese
27 Nov 2012
Despite the global slowdown, favorable domestic conditions have supported the growth of Latin America's most open economies, such as Peru, Chile and Mexico, and forecasts suggest strong capital inflows for 2013 which will fuel credit growth, according to Societe Generale.
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