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Central Bank Lifts 2021 Inflation Forecast To 3% From 2%

PERU
  • 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.
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