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PERU: Congress Halts Proceedings For Security Bill, BCRP To Cut Rates Next Week

PERU
PeruEM BulletBulletGlobalEmerging Market NewsRegion
  • Lawmakers have voted to halt proceedings for a security bill that will increase jail time for extortion racket offenders according to Bloomberg. The bill has the support of President Boluarte, who is expected to sign it into law, if approved.
  • In other news, Petroperu enacted a contingency plan to stop an oil leak from a part of its Norperuano pipeline in the Loreto region, according to a statement published yesterday. It said that valves had been closed to avoid further damages.
  • Datawise, the local calendar remains light today, with attention turning to next week’s BCRP monetary policy meeting when another 25bp interest rate cut to 5.0% is expected following recent soft September CPI inflation data.
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  • Lawmakers have voted to halt proceedings for a security bill that will increase jail time for extortion racket offenders according to Bloomberg. The bill has the support of President Boluarte, who is expected to sign it into law, if approved.
  • In other news, Petroperu enacted a contingency plan to stop an oil leak from a part of its Norperuano pipeline in the Loreto region, according to a statement published yesterday. It said that valves had been closed to avoid further damages.
  • Datawise, the local calendar remains light today, with attention turning to next week’s BCRP monetary policy meeting when another 25bp interest rate cut to 5.0% is expected following recent soft September CPI inflation data.