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Finance Minister Says inflation To Hit Target in H1 2024

PERU
  • Peru Finance Minister Alex Contreras speaks at conference:
    • Peru govt now expects June GDP growth to be flat y/y
    • Peru mining sector was surprisingly strong in June
    • Peru inflation will hit target in first half of 2024
    • Peru economy needs to return to growing 3% a year (BBG)
  • The latest on inflation from the BCRP in the July statement: "Inflation is forecast to continue in the following months, near the target range at the end of the year and approaching the range beginning next year".
  • The next central bank meeting takes place next Thursday.

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