The Central Reserve Bank of Peru (BCRP) revised downward its projection of exports. Of the US$68,179 million that was expected three months ago, now It is expected to reach US$66,131 million in national shipments by the end of 2023which would represent a drop of 0.2% compared to 2022, when it reached US$66,235 million. According to […]
Tag: BCRP
Low business confidence delays investment progress
The Central Reserve Bank of Peru (BCRP) adjusted downward the projection of private investment growth for this year. The drop went from an initial estimate of 0.5% in March to 2.5% in June. The forecast for 2024 remains at 1.8%. The reduction is the result of a slow recovery of the business trust and a […]
GDP would grow just close to 2% during this 2023
For the economy to close at 2.5% this 2023, as expected by the Ministry of Economy and Finance (MEF), it would have to grow 3.8% in the remaining months, which is “practically impossible”, according to the economist Luis Arias Minaya. Despite the El Niño phenomenon, the head of the MEF, Alex Contreras, maintains an optimistic […]
BCRP forecasts that inflation will close the year above the range at 3.3%
This year, the economy will grow less than expected and households will continue to spend more to survive, according to the recent projections of the June inflation report from the Central Reserve Bank of Peru (BCRP). In terms of inflation, the entity increased its annual figure from 3.0% to 3.3% after the climatic emergency of […]
Julio Velarde: pension reform must migrate to a system of individual accounts
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, assured that the reform of the pension system —gestated on various fronts from Congress— must aim at the creation of an individual attention system, considering that the solidarity model of the ONP is unsustainable over time. “In the long run we are going […]
The price of the dollar reaches a new low for the year and closes the week at S/3.63
He dollar It continues its downward trend and this Friday, June 16, it closed the week at S/3.63, its new minimum for the year, and the lowest level recorded since April 1, 2022 when it was at this same value. During the day, the green bill depreciated 0.47% compared to S/3.6470 at the close of […]
BCRP estimates that private investment will fall 2.5% in 2023
The private investment will fall 2.5% this year with a slight recovery during the second semester in a scenario of gradual recovery of business confidence, according to the Central Reserve Bank of Peru (BCRP). “We are now estimating that the mining investment is going to fall 18.9% and that non-mining is going to fall 0.5%, […]
Julio Velarde: “We expect to close the year with inflation of 3.3%”
The president of the Central Reserve Bank (BCRP), Julio Velarderevised upwards Peruvian inflation in 2023 and placed it close to 3.3%, above the levels forecast in previous projections, and assured that the target range of 1% – 3% will be reached in the first quarter of 2024. In the update corresponding to June, the head […]
BCRP cuts Peruvian GDP growth forecast from 2.6% to 2.2% in 2023
He Central Reserve Bank of Peru (BCRP)) in June reduced its growth forecast for the Peruvian economy from 2.6% to 2.2% in 2023, due to weather factors that hit the fishing and agriculture sectors. For 2024 it remains at 3%. The president of the BCRP, Julio Velarde, explained that the social protests in the first […]
The price of the dollar opens downward and is listed at S/3.6408 this Friday, June 16
He dollar price The trading session of this Friday, June 16, 2022, opened downward and stood at S/3.6408, according to Bloomberg. This meant a decline of 0.17% compared to the close of the day before when it reached S/3.6470, according to the Central Reserve Bank of Peru (BCRP). At 9:15 am, the US currency in […]