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Free AccessCentral Bank Lifts 2021 Inflation Forecast To 3% From 2%
- Peru central bank says inflation to stay in target range in 2022, according to a presentation on Friday.
- Central bank lifts 2021 inflation forecast to 3% from 2% before.
- GDP to reach pre-pandemic level in 1Q2022.
- Keeps 2021 economic growth projection at 10.7%; sees 2022 economic growth at 4.5%.
- Private investment to grow by 15.5% in 2021 and by 2.5% in 2022.
- Fiscal deficit to narrow in 2021 and 2022 compared to 2020.
- Gross debt to be 34.4% of GDP in 2021, 2022.
- Sees FX rate at 3.6 soles/USD at end of 2021; 3.61 soles/USD at end of 2022.
- President Sagasti says in a televised speech that it's "unacceptable" that retired military officials incite the armed forces to break the rule of law.
- Sagasti asks former military officials not to put democracy at risk
- Supporters of socialist Pedro Castillo and conservative Keiko Fujimori took to the streets by the thousands in Peru on Saturday, as tensions rose over the result of the June 6 presidential election.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.