Attacks by Yemen’s Houthi rebels on ships commercial and military in the Red Sea They already have economic consequences, limited at the moment, and their severity will depend on how long this crisis lasts, specialists point out. These are the key points of the situation: Maritime circulation under stress Attacks on merchant ships have multiplied […]
Tag: Inflation
Mutual funds would exceed S/32,973 million
In 2023, the mutual fund industry achieved a growth in its managed assets of 16.21% (reaching S/32,973 million) —according to Credicorp Capital—, influenced by the continuous reduction of reference interest rates pushed by the Central Reserve Bank (BCRP) in recent months. For 2024, the scenario is favorable. The fall in national production supports the subtraction […]
Peru has the lowest reference interest rate in the region, according to the BCRP
The reference interest rate of Central Reserve Bank of Peru (BCRP) Today it registers the lowest level – located at 6.50% – compared to the main economies of Latin America since the beginning of COVID-19, according to the entity. The last update of this indicator was made on Thursday, January 11, confirming 5 consecutive cuts […]
Buenos Aires tenants “desperate” due to the real estate crisis
Between empty boxes, for one moving forced, in a half-packed apartment, Argentine Tomás Sislián spends his last days in the home that saw him become independent from his family home. The real estate crisis, in a context of 211% of annual inflation and where rents can be set in dollars, plunges tenants into helplessness. “I […]
BCRP cuts the reference rate to 6.50% for the fifth consecutive month
The Board of Directors of the Central Reserve Bank of Peru (BCRP) agreed to lower the reference interest rate by 25 basis points to 6.50%, a cut that began in September 2023. On this occasion, the entity specified that they took into account that the twelve-month inflation rate was reduced from 3.6% in November to […]
Inflation in the US was higher than expected and closed 2023 at 3.4%: FED rates in danger
The inflation rate in the United States abandoned its downward streak in December and prices rose three tenths year-on-year, an increase that places the indicator at the end of 2023 at 3.4%, the United States Bureau of Labor Statistics reported this Thursday. In monthly terms, consumer prices increased three tenths compared to November, while core […]
World Bank: Peru will grow 2.5%, but mistrust still dominates
After the 0.4% contraction that is forecast for the Peruvian economy in 2023, according to a recent World Bank report, a 2.5% rebound is expected for the current year. The reasons? The multinational indicates that Greater copper production will allow for “more intense” mining activityand better conditions are also expected that will favor agriculture, fishing […]
BCRP: 12-month inflation expectations fall below 3% again
Last December, the majority of analysts and economic agents consulted by the BCRP said they expected that the evolution of prices in the country would recover their normal course – within the target range – after noting 30 months of pessimism. Join the La República WhatsApp channel Price of the dollar in Peru: what is […]
Taxes 2024: 40 municipalities of Lima and Callao will raise their rates this year due to inflation
In 2024, a total of 40 municipalities in Metropolitan Lima and Callao are considering an increase in the amount for taxes, ranging between 1.5% and 29% compared to the previous year. The majority of municipalities will make this adjustment based on the Consumer Price Index (CPI), that is, the inflation produced in 2023, reported the […]
Prices in summer 2024 subject to the pace of El Niño
Most economic analysts agree that a new cut in inflation this summer (2023 closed with an annual drop of 3.24%, one iota of the target range) will be subject to the intensity of El Niño, which has subsided . Thus, BBVA Research’s macroeconomic analysis in November pointed to a price scenario “with downward resistance at […]