Inflation is on track to reach the target range – set between 1% and 3% – for the first half of 2024, according to the Central Reserve Bank (BCRP). In this way, the entity reported an adjustment in the projection of this indicator, going from 3.8% to 3.1% by the end of 2023, due to […]
Tag: BCRP
Distrust sinks private investment: it will fall 7.3%
In 2022, private investment contracted 0.4% despite the country’s limited growth. A year later, after the political turn of the Government of Dina Boluarte, who from her first day distanced herself from her predecessor Pedro Castillo, private investment has not managed to recover and will fall 7.3% in a period marked by recession, according to […]
Price of the dollar today, Sunday, December 24, in exchange houses, banks and other channels
Check what is the exchange rate of the dollar today, Sunday, December 24, according to BCRP. You also know the price of the US currency in the parallel market and in the main banks in Peru. Join the La República WhatsApp channel Price of the dollar in Peru: what is the exchange rate quote this […]
CCL: BCRP, the only public entity approved by Peruvians; Congress, one of the worst
The Central Reserve Bank of Peru (BCRP) is the only public entity that obtained a passing grade among 17 institutions evaluated according to the XXI Annual Survey of Executives 2022 (EAE 2023) of the Lima Chamber of Commerce (CCL). The survey, designed by the Interdisciplinary Development Consulting (CID), concluded that 76% of the executives consulted […]
After 22 years, the Government would fail to comply with the fiscal rule
The last time Peru failed to comply with the fiscal deficit rule, not counting the pandemic stage, was in 2000, when the economic result of the public sector exceeded 3% of GDP, above the limit set at that time. However, after 22 years, this scenario would happen again. And, according to the Central Reserve Bank […]
GDP will fall 0.5% and poverty will reach 28.7% of Peruvians
The numbers speak: the Government of Dina Boluarte has not been able to straighten the economic course, since in 2023 the GDP will fall 0.5%, according to the Central Reserve Bank of Peru (BCRP). Under the tip of the iceberg, there is a complicated outlook for the new year, because fiscal rules will be broken […]
Agricultural sector fell 4% for October, the lowest performance in 30 years
The GDP of agricultural sector It contracted by 4% for the month of October, the worst performance in 30 years, when it fell by 7.7%, reported Julio Velarde, president of the Central Reserve Bank of Peru (BCRP). “We are going to have the worst performance in the year since 1992, which fell 7.7%. Until October […]
BCRP: Peruvian economy would fall 0.5% in 2023
The Central Reserve Bank of Peru (BCRP) revised downwards its estimate of the Peruvian economy. Thus, from projecting a growth of 0.9% three months ago, it now estimates that the national Gross Domestic Product (GDP) would register a fall of 0.5% at the end of 2023. Julio Velarde, president of the entity, explained that the […]
Executive will break the fiscal rule in 2023, warns Julio Velarde
The president of the Central Reserve Bank, Julio Velarde, anticipated that the public finance deficit will reach 2.5% in 2023, with which fiscal rules will be broken for the first time in 22 years. In a press conference, the head of the issuing entity said that the deficit that our country will mark towards the […]
October default rate is the highest in 2023
In the month of October, the highest delinquency rate of the year was reached, reaching 4.72% on average in the financial system, when in January it was at 4.40%, according to data from the Superintendency of Banking, Insurance and AFP (SBS) analyzed by economist Cesar Antunez. This trend would continue upward until the middle of […]