_Economy and Finance

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.

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).

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.

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.