With 8 votes in favor and 11 against, the Labor and Social Security Commission of the Congress of the Republic rejected the first prediction that pointed to the reform of the Peruvian pension system. The benches of Fuerza Popular, Acción Popular, Avanza País and Renovación Popular, mainly, opposed this initiative, arguing that further study is […]
Tag: BCRP
BCRP reduced GDP growth to 2.6% and private investment would now fall 0.5%
Due to the economic impact of the protests and the intense rains caused by Cyclone Yaku, the Central Reserve Bank of Peru (BCRP) revised downward its macroeconomic projections for 2023. Thus, the monetary entity reduced from 2.9% to 2.6% the growth of the Gross Domestic Product (GDP) for the current year. This expected lower dynamism […]
BCRP: Private investment would fall 0.5% for the second consecutive year
For the second consecutive year, the private investment in Peru it would have a fall of 0.5% at the end of 2023, a figure similar to that registered during 2022. This was announced by the Central Reserve Bank of Peru (BCRP), which revised its projection downward on the performance of this indicator. In its previous […]
BCRP reduced its estimate of GDP growth from 2.9% to 2.6% for this 2023
The Central Reserve Bank of Peru (BCRP) reduced its projection of economic growth for 2023 from 2.9% to 2.6%. This lower performance of the Gross Domestic Product (GDP) would be explained by the impact of social conflicts and the rains recorded in the second week of March. However, by 2024 the national economy is expected […]
Trade between Peru and Taiwan would be around US$1 billion this 2023
Despite the current context that Peru is going through, a 35-member delegation from the Republic of China (Taiwan) —organized by the Taiwan Foreign Trade Development Council— arrived in our country with the aim of developing a total of 292 bilateral business meetings with more than 150 Peruvian businessmen. This as part of the “Taiwan Trade […]
Dollar closes down and is quoted at S/3,771 this Wednesday, March 22
At the close of the exchange session on Wednesday, March 22, the dollar fell slightly and stood at S/3.771, which represents a decline of 0.10% compared to the day before when it stood at S/3.7750. , as reported by the Central Reserve Bank of Peru (BCRP). In the exchange houses or parallel market, the US […]
BCRP suggests that the minimum pension be based on the years of contributions
With the aim of preparing a proposal for the reform of the Peruvian pension system, the Labor and Social Security Commission of the Congress has been carrying out work groups to gather the initiatives of the social actors, among them the Central Reserve Bank of Peru (BCRP) and the Association of AFPs (AAFP). Thus, the […]
Economy returned to the negative tranche after two years
During January of this year, national production contracted 1.12%, the first negative figure after 22 months, according to the monthly report of the National Institute of Statistics and Informatics (INEI). Economic activity was affected in the first month of 2023 by the fall in sectors such as construction (-11.70%), telecommunications and others (-9.26%), financial and […]
BCRP: exports fell 14.5% in January due to lower shipments of mining products
During the first month of 2023, Peruvian exports reached US$4,695 million, which represents a 14.5% drop compared to January last year, when they totaled US$5,492 million, as reported by the Central Reserve Bank of Peru ( BCRP). This negative result is due to lower volumes of traditional products such as copper, gold, zinc and hydrocarbons. […]
BCRP: Rains in the north would impact the prices of some foods in March
The Central Reserve Bank of Peru (BCRP) warned that the monthly inflation rate for March would be higher than that of previous months (in January it was 0.23% and February 0.29%) due to temporary and seasonal factors. carlos montoromanager BCRP Monetary Policyexplained that in March a jump in inflation is generally observed, due to the […]