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January 25, 2022

Peru Economic Outlook. First quarter 2022

After a 13.1% rebound in 2021, this year the economy will grow 2.3% in a context of sustained confidence weakness, withdrawal of economic stimuli and lesser external tailwinds, despite the progress in vaccination and the beginning of operations of new copper mines. For 2023, we expect a 3,0% expansion.

January 17, 2022

Peru | Social conflicts had an impact on economic activity in november

Economic activity grew 3.5% year-on-year in November. In an analysis comparing GDP figures for 2021 with those for 2019 (pre-health crisis situation), activity expanded 1.3% (October: 1.2%).

January 7, 2022

Peru | BCRP increases the reference rate to 3,00% and signals further hikes

The Board of the Central Bank decided to increase the monetary policy rate from 2,50% to 3,00% in January. The Bank changed the forward guidance component, signaling further hikes.

January 6, 2022

Peru | Track consumption with real-time data in December 2021

In December, spending with cards and cash withdrawals (BBVA Research's big data consumer index) increased 7.0% compared to the same month in 2019 (10.9% compared to December 2020).

January 3, 2022

Peru | Inflation ends 2021 at 6.4%, the highest rate in 13 years

The Consumer Price Index of Lima registered a variation of 0.78% MoM in December. This is mainly a result of higher household fuel prices and the seasonal increase in the price of meat and transportation.

December 15, 2021

Peru | Activity loses impulse in October: transitory or beginnings of a slowdown?

Economic activity grew 4.6% year-on-year in October, a negative surprise for the market. In an analysis comparing GDP figures for 2021 with those for 2019 (pre-health crisis situation), activity decelerated to 1.2% (September: 3.1%).

December 13, 2021

Peru | Equity and growth

The "Report on Global Inequality" suggests that the distribution of income in Peru has improved, but it must be taken with caution because it is volatile and does not yet fully reflect the impacts of the pandemic on families.
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December 10, 2021

Peru | More moderate hikes looking forward?

The Board of the Central Bank decided to increase the monetary policy rate from 2,00% to 2,50% in December. The Bank pointed out at the deterioration of expectations of domestic activity and a slower recovery of global activity, which could imply some moderation looking forward.
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  • Peru