Adrián Armas, general manager of Economic Studies of the Central Reserve Bank of Peru, Bcrp, referred to the possible effects of Dina Boluarte’s vacancy and the new transition in the Presidency, which will now be occupied by Congressman José Jerí. And he stated that the markets are very attentive to who will be the new Minister of Economy
“Until now the data we have has not changed much,” said the expert. In fact, It is observed that the sun has depreciated 0.5%, but not due to internal factors but is explained by the fall in mineral prices, which has also impacted the region’s currencies such as the Mexican peso, which fell 1%.
“What is happening with the exchange rate is thatThe sun follows a trend of how the region’s economies are doing but with less volatility,” Armas explained.
Meanwhile, with respect to the interest rate of the sovereign bond, A moderate increase of 4 basis points (0.04%) has been observed so far.
However, he stressed that, as always, the Bcrp will be monitoring the evolution of the financial markets: “This will be monitored. Based on previous experiences, (what happens) will depend on the announcements of the new authorities. The markets are very aware of who will be the new Minister of Economy.”
Armas added thatThe markets are processing this informationjust like economic agents.
Regarding the future of the exchange rate price, He recalled that so far a weakening of the greenback against the sun of 8.4% has been observedwhich is somewhat similar to the international trend. What will happen next? It indicates that the Bcrp does not make projections and that it will be difficult to predict, but that economic agents have been projecting that it would be downward.
In fact, a few weeks ago, the Peruvian Institute of Economics, IPE, said that The downward trend of the dollar will mark a change in the projections for this currency towards the end of the year.
“The Central Bank will be attentive to the financial marketss of the national economy,” he notes.
