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Peru's President Kuczynski has faced acrimony and lost cabinet members, but tensions eased after a meeting with Keiko Fujimori aimed at improving governance and lifting sluggish growth. On July 27 he made three cabinet changes and on July 28 announced five proposed laws to Congress covering land expropriation for infrastructure, Lima transport, judicial council elections, sewage treatment and labor enforcement.
Headline inflation fell to 2.85% y/y in July after an El Niño-driven spike earlier in the year.
Political stability and reform progress affect Peru's investment climate and growth outlook, while easing inflation after El Niño disruption reduces pressure on the economy; neither directly shifts feed commodity prices in the near term.
globalsourcepartners.comRoberto Abusada, Jose ValderramaAug 1, 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.
