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PERU: BCRP Governor Velarde Sees Inflation At 2.0% Next Year

PERU
BulletPeruEM BulletEmerging Market News
  • Speaking on Friday in a press conference to discuss inflation and growth projections for 2025, BCRP President Julio Velarde said that he expects inflation to stay near the 2% mark through 2026. The central bank sees inflation at 2% in both 2025 and 2026, following an expected 2.1% outturn this year, he said.
  • Meanwhile, Velarde expects the Peruvian economy to grow by 3.0% next year, following an estimated 3.2% gain in 2024, supported by a 4.1% rise in private investment, driven by mining investment. He also expects the fiscal deficit to narrow to 2.2% of GDP in 2025, from 3.7% this year, which he said would be the highest since 1992, excluding the pandemic.
  • In other news, Petroperu said that it expects annual revenues of 18.2bn soles in 2025, according to a company filing, with net profit reaching 664.6m soles. The company also expects to invest 369m soles in projects during 2025.
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  • Speaking on Friday in a press conference to discuss inflation and growth projections for 2025, BCRP President Julio Velarde said that he expects inflation to stay near the 2% mark through 2026. The central bank sees inflation at 2% in both 2025 and 2026, following an expected 2.1% outturn this year, he said.
  • Meanwhile, Velarde expects the Peruvian economy to grow by 3.0% next year, following an estimated 3.2% gain in 2024, supported by a 4.1% rise in private investment, driven by mining investment. He also expects the fiscal deficit to narrow to 2.2% of GDP in 2025, from 3.7% this year, which he said would be the highest since 1992, excluding the pandemic.
  • In other news, Petroperu said that it expects annual revenues of 18.2bn soles in 2025, according to a company filing, with net profit reaching 664.6m soles. The company also expects to invest 369m soles in projects during 2025.