Free Trial

Central Bank May Step In To Cushion Market Impact On Pension Withdrawals

PERU

Peru Central Bank says Ready To Act on private pension fund withdrawals according to Local Press.

President Velarde stated the central bank will consider buying USDs from Private Pension Funds, to prevent any volatile move in the currency as they sell overseas assets to meet demand for customer withdrawals.

  • The Central Bank may offer AFPs repo facility to cushion the impact of their sales of sol-bonds holdings.
  • Velarde reaffirms bank will consider additional monetary policy measures to support economy.
  • Content with economic recovery so far.
  • Says government will sell bonds in local or international market turbulence abates following recent political issues.

To read the full story

Close

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.