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The World Bank Group praised Peru's monetary and fiscal management in its semiannual report on Latin American monetary policy. Chief Economist Carlos Vegh noted that Peru cut its reference rate to 3.5% in September after raising it to 4.25% in 2016, and ruled out fiscal adjustment concerns despite a wider deficit tied to El Niño infrastructure spending.
Stable macro policy and continued public infrastructure spending support Peruvian domestic demand, with no clear direct impact on feed commodity supply or prices.
andina.peOct 11, 2017Not 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.
