INSUBCONTINENT EXCLUSIVE:
This development could pave the way for further interest rate cuts by the central bank.Consumer prices in Lima rose by 1.78% in September
compared to the previous year
major Latin American economies
2% annually, with a one percentage point margin
This target has been achieved for the first time in nearly four years.Prime Minister Gustavo Adrianzen shared the inflation figures ahead of
Growth has surpassed projections so far this year
The Finance Ministry anticipates economic expansion could exceed 3.2% in 2024.The government, led by President Dina Boluarte, has urged the
independent central bank to continue easing monetary policy
This push aims to further stimulate economic recovery and growth.Inflation in Peru has been steadily declining since reaching a
post-pandemic peak of 8.8% in June 2022
The recent drop below 2% marks a significant milestone in this downward trend.The central bank is set to announce its next interest rate
decision in the coming week
Its combination of low inflation and low interest rates creates a unique economic environment among Latin American countries.
