Continuing the trend of recent weeks, yesterday the dollar closed at its lowest level in two years and eight months, and settled at S/3.5820. This price has not been seen since November 2020, according to the Central Reserve Bank of Peru (BCRP). During the day, the currency depreciated 1.10% compared to S/3.6220 at the close […]
Tag: Central Reserve Bank of Peru
BCRP: users reported that the Central Bank’s website was down after Google’s error regarding the dollar price
A lapse on the part of Google has generated the concern of many Peruvians. And it is that the internet search engine puts the price of the dollar at S / 5.20 this May 8, 2023. This is wrong, since the US currency actually opened today at S / 3.7073. Even so, many people are […]
Dollar closes April at S/3,710, its lowest level since June 2022
The dollar closed April at S/3.71, its lowest level in the last 10 months. It reached this same value on June 3 of last year. Thus, it completed more than 10 consecutive downward sessions and accumulated a decline of -2.55% so far in 2023. Only in the fourth month it fell -1.59% against the sun, […]
Yape and Plin started with the first stage of interoperability
The Yape and Plin digital wallets can already interoperate with each other from Friday, March 31, as provided by the Central Reserve Bank of Peru (BCRP). The representatives of both applications announced that they have already started the process and that it will be implemented in stages. The leader of the tribe Yape, Rufino Arribas, […]
Business pessimism worsened in January
Shock. Businesses expect to sell and produce less with the Dina Boluarte regime, according to a BCRP survey. Optimism deteriorated more than in the Castillo government. During January of this year, the confidence of the companies continued to deteriorate and reached levels that even exceed those seen in the last month of the government of […]
BCRP: business expectations are more pessimistic with Dina Boluarte
Indicators on the perception of economic and sectoral development, demand, hiring of personnel and investments fell more than during the last month of the Government of Pedro Castillo. During January, business expectations and the current situation of the local economy, which is measured by the Central Reserve Bank of Peru (BCRP) through a survey, fell […]
The price of the dollar closes downward and stands at S/3.8920 this Wednesday, January 25
After several days on the rise, the greenback had a slight fall of 0.05% compared to Tuesday’s close, when it was located at S/3,894. The dollar price closed the day of this Wednesday, January 25, 2023 with a slight drop and stood at S / 3.8920. In this way, it presented a decline of 0.05% […]
The World Bank maintains Peru’s growth at 2.6% by 2023
The World Bank estimates that the global economy will no longer grow 3% this year, and now it would do so in 1.7% due to high inflation, the drop in investment and the restrictions inherent to the geopolitical conflict between Russia and Ukraine. With that will get its third lowest rate in almost three decadesbelow […]
Vacancy does not affect confidence or growth
Despite the political upheaval generated by the failed coup d’état by Pedro Castillo and its subsequent vacancy, The economic growth estimates for this year and 2023 will not be affected –which in their most optimistic scenarios would be 3.0% and 3.9%, respectively– (see infographic). According to Hugo Perea, chief economist at BBVA Research, In the […]
Kurt Burneo: “Peru’s investment grade has not been lowered
The Ministry of Economy and Finance (MEF) affirmed that Peru continues to be the country with the second best credit rating in the region, after the rating agency Fitch Ratings kept it at BBB, which corresponds to a grade of investment. However, given the review by the international rating agency of the credit outlook for […]