Peru's Economic Resurgence Against Inflation Stability

Peru's central bank forecasts continued economic growth without increased inflation pressure. GDP growth was around 4.7% for December and January. Official figures are expected soon. Inflation aligns with the 2% target range. Officials downplay U.S. tariff impacts, maintaining the interest rate at 4.75%.

Peruvian economic prospects are on the rise as the country's central bank predicts consistent growth unburdened by inflationary pressure, according to chief economist Adrian Armas. The economy showed a promising 4.7% growth year-over-year in December and January, with official GDP data expected shortly.

Inflation remains stable, nestling into the central bank's sweet spot of 2%, plus or minus one point, while they have opted to hold the benchmark interest rate stuck at 4.75%. This careful balancing act suggests a firm recovery from the country's preceding economic downturn.

Importantly, Armas remarked during a recent conference that recent U.S. tariff policies under President Donald Trump are unlikely to significantly affect Peru's economic trajectory. This resiliency appears set to reinforce Peru's economic revival.

(With inputs from agencies.)