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PERU: BCRP Chief Economist Armas Sees Economy Growing 4% Y/y In January

PERU
BulletPeruEM BulletEmerging Market News
  • Speaking at a press conference following yesterday's MPC meeting, BCRP chief economist Adrian Armas has said that economic growth has been stronger than expected, but is not generating inflation pressures. He sees the economy growing 4% in January, with economic activity data set to be released tomorrow.
  • To recap, the BCRP stayed on hold yesterday and remained cautious, amid resilient domestic demand and external uncertainties. Analysts still see scope for 1-2 additional cuts in the coming months, bringing the policy rate back to a neutral level.
    • "*PERU'S GROWTH IS NOT GENERATING INFLATIONARY PRESSURES: ARMAS" - BBG
    • "*PERU ECONOMY SEEN GROWING 4% IN JANUARY: ARMAS" - BBG
    • “*PERU CENTRAL BANK CHIEF ECONOMIST ARMAS SAYS ECONOMIC ACTIVITY HAS PICKED UP MORE THAN EXPECTED” - Reuters
    • “*PERU CENTRAL BANK CHIEF ECONOMIST SAYS EFFECTS OF U.S. TARIFFS ON PERU SHOULD BE LIMITED, MANUFACTURING AND AGRICULTURE SECTORS COULD SEE UNCERTAINTY” - Reuters
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  • Speaking at a press conference following yesterday's MPC meeting, BCRP chief economist Adrian Armas has said that economic growth has been stronger than expected, but is not generating inflation pressures. He sees the economy growing 4% in January, with economic activity data set to be released tomorrow.
  • To recap, the BCRP stayed on hold yesterday and remained cautious, amid resilient domestic demand and external uncertainties. Analysts still see scope for 1-2 additional cuts in the coming months, bringing the policy rate back to a neutral level.
    • "*PERU'S GROWTH IS NOT GENERATING INFLATIONARY PRESSURES: ARMAS" - BBG
    • "*PERU ECONOMY SEEN GROWING 4% IN JANUARY: ARMAS" - BBG
    • “*PERU CENTRAL BANK CHIEF ECONOMIST ARMAS SAYS ECONOMIC ACTIVITY HAS PICKED UP MORE THAN EXPECTED” - Reuters
    • “*PERU CENTRAL BANK CHIEF ECONOMIST SAYS EFFECTS OF U.S. TARIFFS ON PERU SHOULD BE LIMITED, MANUFACTURING AND AGRICULTURE SECTORS COULD SEE UNCERTAINTY” - Reuters