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CANADA FEB CPI 2.6% FROM JAN 1.9% AS FEDERAL TAX BREAK ENDS

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MNI China Daily Summary: Tuesday, March 18

MNI BRIEF: China Electricity Demand Up In February

MNI BRIEF: Beijing Industrial Value Added Up In Jan Feb

MNI: US FEB IMPORT PRICES +0.4%

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MNI: GERMANY ZEW MAR ECONOMIC EXPECTATIONS 51.6

GERMANY: Handelsblatt Report on Lingering Uncertainties Ahead of Bundestag

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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PERU: Economy Minister Expecting 4% Growth in 2025

PERU
BulletPeruEM BulletEmerging Market News
  • Speaking on Monday in a press conference, Economy Minister Jose Salardi said that Peru is expected to rank as the second fastest growing economy in Latin America in 2025. Salardi highlighted that improvement on the fiscal front and foreign investment as contributing factors helping to support the growth outlook.
    • “Peru's economy grew 3.3% in 2024”
    • “Peru's economy is projected to grow 4% in 2025” (Reuters)
  • USDPEN spent all of last week consolidating its recent selloff below 3.70, reaching a fresh 10-month low on Friday ~3.67. BBVA keep their preference for long PEN on the Peruvian currency’s lower Beta and more balanced trade dependency mix.
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  • Speaking on Monday in a press conference, Economy Minister Jose Salardi said that Peru is expected to rank as the second fastest growing economy in Latin America in 2025. Salardi highlighted that improvement on the fiscal front and foreign investment as contributing factors helping to support the growth outlook.
    • “Peru's economy grew 3.3% in 2024”
    • “Peru's economy is projected to grow 4% in 2025” (Reuters)
  • USDPEN spent all of last week consolidating its recent selloff below 3.70, reaching a fresh 10-month low on Friday ~3.67. BBVA keep their preference for long PEN on the Peruvian currency’s lower Beta and more balanced trade dependency mix.