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 .
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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.
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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.
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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.
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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.
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