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 economy will expand 3.7% this year and is expected to increase by 4% in 2019, according to the April 2018 World Economic Outlook released by the International Monetary Fund (IMF) on Tuesday.
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According to the National Institute of Statistics and Informatics of Peru INEI, non-traditional exports increased by 19.9% in the month of February 2018 compared to the same month of the previous year.
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