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Peru's Congress approved a bill 107-4 letting workers withdraw up to 25% of their pension savings, about $8.7 billion. The government opposes the measure and warns it could raise borrowing costs.
The sol and local bonds declined during the week as investors reacted.
Possible forced selling of pension assets and weaker investor confidence put pressure on the sol, which raises the cost of dollar-priced imports for Peru. The effect on grain and feed prices is small.
amigosdeboliviayperu.orgApr 4, 2020Not 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.
