Dec. 21 (Bloomberg) -- Peru’s economic growth may accelerate to 5.5 percent annually in 2010 and 2011 after gross domestic product grows 1 percent this year, the central bank said.
GDP will expand at a faster pace next year because of the government’s economic stimulus plan and a recovery in private- sector spending, the bank said in a report on its Web site.
Annual inflation may quicken gradually in “the coming months,” reaching the bank’s 1 percent to 3 percent target range during the second half of 2010, the report said. The bank said it doesn’t expect to alter its reference rate from its current 1.25 percent unless there is a significant change in the outlook for inflation.
Pushing borrowing costs to a record low has allowed interest rates in the financial system to fall, boosting credit to companies and homebuyers, the report said. Long-term interest rates on government bonds have also fallen, the report said.
The sol was little changed at 2.8840 per dollar at 11:20 a.m. New York time from 2.8835 on Dec. 18.
To contact the reporters on this story: John Quigley in Lima at jquigley8@bloomberg.net
Source:bloomberg.com/
No comments:
Post a Comment