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BCRP Velarde Due To Speak On Inflation Expectations

PERU
  • The Peruvian Sol outperformed yesterday, with a 0.3% gain against the dollar, despite the move higher in US yields. Analysts note that the improved performance probably came as hedging flows reduced following the government’s debt-liability management operation earlier this week.
  • Today, BCRP President Julio Velarde is due to host a press conference to discuss inflation expectations at 1700BST(1200ET). In terms of the macro data, the next release of note will be May CPI due on July 01. This will be followed with the next BCRP monetary policy meeting on July 11.

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