MNI BRIEF: Job On Inflation Not Done, Care Needed - BOE Pill

MNI BRIEF: StatsCan Reviews Factory Jobs and U.S. Demand

CANADA JAN jobs UP for 3rd month in a row +76K VS PRIOR +90.9K

MNI BRIEF: Mexico Inflation Down To 3.59% In January

MNI BRIEF: Tariffs Force CBRT To Hike 2025 Inflation Forecast

MNI China Daily Summary: Friday, February 7

MNI:US DEC WHOLESALE INV -0.5%; SALES 1%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY FEB INDEX 67.8

EZ/UK Bond Supply Calendar: UK, EU Syndications W/C 10 Feb

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

PERU: Exports Reached New Record in 2024, BCRP Decision Next Week

PERU
BulletPeruEM BulletEmerging Market News
  • Peru’s Foreign Trade and Tourism Minister reported that Peruvian exports amounted to US$74.7 billion by the end of 2024, thus reaching a new historic record. The Andina article added that in the case of agricultural exports, Peruvian shipments reached US$12.8 billion, marking a 22.1% increase and a new record for the sector.
  • "This new milestone in the export sector is proof of the efforts of our national business community”, Leon explained. "Besides, our export basket has benefited from the rising prices of key products such as cacao, coffee, gold, and copper," she added.
  • Domestic focus ahead will be on the central bank meeting next Thursday. The BCRP will be encouraged by the latest set of inflation data in Peru, which showed annual headline CPI dip to 1.85%, keeping the door open to another 25bp rate cut in February.
  • However, the explicit mention to the reference rate “approaching the level estimated as neutral”, a more hawkish Fed and prominent external risks relating to global trade may prompt a cautious hold at this juncture.
170 words

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.
  • Peru’s Foreign Trade and Tourism Minister reported that Peruvian exports amounted to US$74.7 billion by the end of 2024, thus reaching a new historic record. The Andina article added that in the case of agricultural exports, Peruvian shipments reached US$12.8 billion, marking a 22.1% increase and a new record for the sector.
  • "This new milestone in the export sector is proof of the efforts of our national business community”, Leon explained. "Besides, our export basket has benefited from the rising prices of key products such as cacao, coffee, gold, and copper," she added.
  • Domestic focus ahead will be on the central bank meeting next Thursday. The BCRP will be encouraged by the latest set of inflation data in Peru, which showed annual headline CPI dip to 1.85%, keeping the door open to another 25bp rate cut in February.
  • However, the explicit mention to the reference rate “approaching the level estimated as neutral”, a more hawkish Fed and prominent external risks relating to global trade may prompt a cautious hold at this juncture.