Peruvian economic activity took a notable boost in March 2018, increasing 3.93% year-on-year, much faster than the annual growth rate of 2.9% observed last February, highlights the latest report "LatinFocus Consensus Forecast" by FocusEconomics .
Peru's terms of trade saw an average 9.2% increase last April from the same period in 2017, marking 22 months of sustained growth, Central Reserve Bank (BCR) informed Wednesday.
At its May monetary policy meeting, Central Bank of Peru (BCR) decided to keep the policy interest rate unchanged at 2.75%, the latest FocusEconomics' Consensus Forecast Latin Focus May report recalled.
Peruvian mining activity made up nearly 10% of national GDP and close to 62% of total exports value, thus becoming the Inca country's most important source of foreign currency in 2017, the Energy and Mines Ministry (MEM) reported.
Peru is the first Latin American country to host the World Potato Congress, whose 10th edition will take place in southern Cusco City on May 27-31, 2018.