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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 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 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.

January 3, 2022

Global | Overview of 2021: inflation — the unexpected guest

The global economy beat forecasts in 2021, with a more positive than expected first half to the year — driven by the restart in activity and the rollout of vaccinations. However, the second six months were more moderate, affected by supply chain disruptions and rising inflation.

December 27, 2021

Global | 2021 - a disappointing end after a promising start

The markets have performed well in 2021, even taking into account the recent corrections. A successful vaccination rollout supported the reopening of the economy which, along with the various fiscal stimulus packages, helped drive the recovery in domestic demand and increased investor appetite.

December 21, 2021

Europe | Exit: the huge challenge

The central banks of the major developed economies will be closely monitored as they are heading for the exit strategy, i.e. the unwinding of the massive monetary stimulus rolled out during the COVID-19 crisis. The challenge is huge because of a combination of three elements.

December 18, 2021

Colombia | BanRep raises policy rate by 50 bps in December

Banco de la República increased the policy rate by 50 basis points, bringing it to 3.0%. The vote was split, with 4 members in favor of a 50 basis points increase and 3 in favor of 75 basis points.

December 16, 2021

ECB WATCH | A faster tapering than expected

The ECB announced, as expected, the end of the PEPP in March, and approved several measures to soothe the cliff edge that this measure implies