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GlobalSource Partners' September 17 Peru report keeps its base case that President Dina Boluarte remains in office until July 2026 while trimming the odds of a low-growth scenario. It cut 2024 real GDP growth to 2.8% from 3% and raised the 2024 current account surplus forecast to 2.1% of GDP.
The Peruvian central bank cut its policy rate by 25 basis points to 5.25% on September 12, and the sol closed near PEN3.77 per USD.
A stronger current account surplus and a firmer sol generally support Peru's currency, while slower growth and political risk weigh on domestic demand for imported feed. For feed buyers, the effect on grain and meal prices is indirect and limited.
globalsourcepartners.comAlfredo ThorneSep 17, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
