Lima. Adrián Armas, Chief Executive Officer of the Central Reserve Bank (BCR), confirmed that the economy will record an increase of more than 4% in the last quarter of the year.
Signs of recovery. "It showed signs of an interesting recovery after October, especially on the side of the country's most representative indicators," noted Armas.
Adrián Armas explained that in October, significant developments were observed in sectors such as electricity, which had an expansion of 5.5%, as well as a 5% increase in cement consumption.
In addition, public investment in October last year (according to BCR) grew by 25.5%, after falling in September by 10.4%.
"In the third quarter, we saw a decline in economic activity, and in October we see the first month in which there is already a recovery," noted Arma.
The rhyme will stay. "We hope that this recovery rate will also be reflected in 2019.
It should be noted that Peru is the second largest growth in Latin America, but leaving goods, it becomes the economy with the highest growth rates compared to its peers in the region. "
Inflation target range. Speaking about the annual inflation, Armas expressed confidence that it will remain within 2%.
"The Board believes it is appropriate to keep the monetary policy expansive, while inflation expectations are still strengthened," he said.