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Lima CPI Data Due, Las Bambas Unrest Continues

PERU
  • Annual inflation in Peru is expected to soar above 8%. The data comes ahead of the June 9 BCRP meeting where initial expectations are for the central bank to continue the 50bp hiking pace.
    • May Lima CPI Y/y, est. 8.32%, prior 7.96%
    • May Lima CPI M/m, est. 0.60%, prior 0.96%
  • Local police and indigenous communities clashed at MMG’s Las Bambas copper mine Tuesday evening, said Alexander Anglas, a lawyer for the Huancuire community, in a phone interview.
    • Around 120 police officers arrived to Las Bambas to evict communities, Anglas said.
    • Las Bambas reported in a statement that workers and police tried to enter the mining camp peacefully to evacuate sludge from the wastewater treatment plant and that the Huancuire community reacted violently. (BBG)
  • Petroperu obtained bondholder consent to delay the delivery of its 2021 audited financial statements to September 2022, according to a statement from the state-owned company.
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