Peru latest publications
Economic activity grew 12.9% year-on-year in July, a still high rate due to a low comparison base. In an analysis that compares the GDP figures for 2021 with those for 2019 (a pre-health crisis situation), what is observed is that in July of this year, activity grew 0.4% (June: 1.1%).
The Board of the Central Bank decided to increase the monetary policy rate from 0,50% to 1,00% in September. The Bank maintains an expansive policy stance but no longer mentions that it is considered appropriate.
September 8, 2021
Global | The COVID-19 impact on Consumption in Real Time and High Definition: Sept 8th
Consumption growth rates showed a rebound in August in most countries, especially in services and tourism related sectors. In most countries card spending has gained more pull against cash.
The Consumer Price Index of the city of Lima (CPI) increased in August by 0.98% MoM. The pass-through of the higher exchange rate to prices and the high international prices of imported inputs such as food and fuels continue to explain much of the rapid increase in prices.
August 26, 2021
Peru | Real-time analysis of the impact of COVID-19 on consumption (up to August 23)
In August, the BBVA consumption indicator grew 25% in real terms with respect to the same month of 2019. The increase in household spending coincides with the increase in household liquidity, relaxation of sanitary isolation measures and further progress in the vaccination process.
Economic activity grew 23.5% YoY in June, still a high rate due to a low base of comparison. In an analysis comparing GDP figures of 2021 with those of 2019 (a pre-health crisis situation), we observe that in June activity grew 1.1%.
August 13, 2021
Peru | BCRP hikes monetary policy rate given the deterioration of the inflation panorama
The Board of the Central Bank decided to increase the monetary policy rate by 0,25% to 0,50% in August. The Bank maintains an expansive stance but will pay special attention to inflation expectations to consider modifications to the policy stance.
August 6, 2021
Global | The COVID-19 impact on Consumption in Real Time and High Definition: August 6
Consumption growth rates remained high in July, although most of the base effect on year over year terms has been corrected in most countries.