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Latest in Peru

Peru: A fading star

While growth deceleration causes concerns, Peru remains more appealing than other IG stories (i.e., Panama). Authorities seek to boost activity in a convoluted backdrop where political noise is hurting long-term growth. Repayment capacity is still st...
BancTrust César Alexander
César Alexander Petit @ BancTrust 14 November 2022
Flash Report / Peru

Peru hikes again as headline inflation eases

Central bank increased its policy rate by 25bps as expected to 7.25%, its 16th consecutive rate increase. It brings the cumulative increase to date to 700bps since the bank's post-Covid tightening cycle began in August 2021. Forward guidance unchange...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 11 November 2022
Peru hikes again as headline inflation eases
Peru hikes again as headline inflation eases

IEA sees faster Renewables transition, but who pays or votes for it?

The IEA's latest outlook argues that targeted Renewables adoption has accelerated as a result of the Russia-Ukraine War. In our view, risks to Renewables targets are insufficient global coordination, financial capital and political mandates. In EM eq...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 27 October 2022
IEA sees faster Renewables transition, but who pays or votes for it?
IEA sees faster Renewables transition, but who pays or votes for it?
Flash Report / Peru

Peru central bank hikes again but signals new phase of moderation

Central bank increased its policy rate by 25bps as expected to 7%, its 15th consecutive rate increase. It brings the cumulative increase to date to 675bps since the bank's post-Covid tightening cycle began in August 2021. Slight change in statement's...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 7 October 2022
Peru central bank hikes again but signals new phase of moderation
Peru central bank hikes again but signals new phase of moderation
Weekend Reading / Global

The US dollar dagger for emerging markets

USD is expensive but its continued appreciation is a major headwind for local currency assets in emerging markets. There's some protection in EMs where the REER is below the historical average and the real interest rate is positive. Brazil exhibits b...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 10 September 2022
The US dollar dagger for emerging markets
The US dollar dagger for emerging markets
Flash Report / Peru

Peru's central bank surprises with smaller-than-expected rate increase

The BCRP increases its policy rate again but this time by a lower-than-expected 25bps, to 6.75%. It's the 14th consecutive rate increase in this cycle, but the 25bps move ends the pattern of 12 consecutive 50bps hikes. The decision comes after the re...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 9 September 2022
Peru's central bank surprises with smaller-than-expected rate increase
Peru's central bank surprises with smaller-than-expected rate increase