So far in March, the lemon price It has increased by around 19% as a result of the heavy rains that are registered in the north of the country, revealed the Central Reserve Bank of Peru (BCRP). However, the entity explained that this rise will be temporary because this behavior is due to a conjunctural […]
Tag: BCRP
BCRP: social protests would have impacted GDP in February by two percentage points
Because the social protests during the second month of the year they occurred to a lesser extent than in the previous months, the economic blow in Peru has also been reduced. According to the Central Reserve Bank of Peru (BCRP), the impact on the Gross Domestic Product (GDP) for February would be around two percentage […]
Increase in the Minimum Vital Remuneration does not destroy employment, affirms the Nobel Prize in Economics
The institutionalization of the adjustment of the Minimum Vital Remuneration (RMV) in Peru is just around the corner, but the business sector is reluctant to endorse this increase, alleging that the universe of beneficiaries is limited to the bare formal population and will feed unemployment. David Card, one of the three winners of the Nobel […]
Julio Velarde foresees a drop of more than 4% in GDP in January due to protests
Julio Velardepresident of the Central Reserve Bank (BCR), estimated a drop of more than 4% in gross domestic product (GDP) last January, due to the social protests that devastated the country. During Peru Day at the PDAC 2023 mining convention, the head of the Peruvian issuing entity said that, in December 2022, this impact on […]
Dollar accumulates fall of 0.94% so far this year
Down. The green ticket is around S/3.78. Setback is due to external factors, says expert. Despite the fact that social conflict continues in the country, in recent days the dollar has shown a downward trend. Thus, so far this year it has accumulated a decline of 0.94%. That is to say, it went from S/3.8200 […]
Companies regain confidence despite current social crisis
countercurrent. The BCRP expectations survey indicates that the majority of Peruvian investors anticipate a blue quarter for the economy and the recovery of employment. In February, business expectations about the national economy in the next three months, according to the radar of the Central Reserve Bank (BCRP), went from 32 to 42 points, while one […]
BCRP: all business expectations recovered in February, despite social upheaval
Only current production expectations weighed down. In the second month of 2023, six indicators are in the optimistic range, the BCRP specified. He Central Reserve Bank of Peru (BCRP) reported that, in February of this year, all the indicators of business expectations and the current situation -with the exception of the level of production- recovered […]
Monthly installment of mortgage loans rose up to 20%
Effect. The average interest rate on mortgages reached 10.09%, its highest level in 13 years. Despite falling sales, investors trust the Peruvian market, ASEI says. Peruvians now pay more for mortgage loans by doubling the interest rate that governed this sector in the last two years. In April 2021 they fell to 5.88% per year, […]
Transfers between Yape and Plin will have no cost
Since the end of March. For payments between the two digital wallets, only the exchange of numbers will be necessary. In October of last year, the Central Reserve Bank of Peru (BCRP) published the interoperability regulation that requires digital wallets to operate with each other for the benefit of users. In a first stage, Yape […]
BCRP: loans to individuals exceeded S/160,000 million and grew 15.4% year-on-year in January
The result was driven by higher loans in soles that increased by 16.2%. Monthly advance was 0.6% in the first month of the year. The interannual growth of loans to individuals was 15.4% in January 2023 and reached S/160,226 million, influenced by the higher loans of this modality in soles, which increased 16.2%, reported the […]