Peru's central bank projects growth with minimal inflation pressure
Investing.com -- Peru's central bank is projecting that the country's economy will continue to grow, according to chief economist Adrian Armas. He stated on Friday that this growth is expected to occur without demand causing undue pressure on inflation.
Armas estimates that the economy has likely seen a year-over-year growth of around 4.7% in both December and January. The official gross domestic product (GDP) data for December is due to be released on Saturday.
The central bank, which kept its benchmark interest rate steady at 4.75% on Thursday, also anticipates a further slowdown in inflation in the coming months.
Regarding the potential impact of U.S. tariffs, Armas, during a conference call discussing the monetary policy decision, said that the sweeping tariffs imposed by U.S. President Donald Trump would likely have a limited effect on the Peruvian economy.
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