Capital entrance to the country exceeded US $ 4,000 million in the second quarter of the year, mainly due to the capital entrance of the capitals of the Public Sector Registered in the financial account, he revealed a report of Scotiabank.
According to the entity, within the entry of public sector capital, US $ 3,000 million was observed in bonds issued by the State in the international financial market, which was partially counteracted by the reduction in the balance surplus in current account as a result of the increase in the primary income deficit associated with the highest profits obtained by foreign companies.
“The combination of these factors allowed Net International Reserves (RIN) to reach US $ 85,263 million at the close of the second quarter, an amount equivalent to 27% of the Gross Domestic Product (GDP), one of the highest levels in Latin America,” said the entity.
He also projected that the positive behavior of external accounts will continue for the third quarter, led by high levels of surplus of the commercial balance, product of the high prices of minerals.
Consumer prices
On the other hand, Scotiabank reported that September inflation would be positive and would be around 0.1%. With this, he indicated that 12 months inflation increases from 1.1% in August to 1.5% in the ninth month.
“Low exchange levels, lower international oil prices and agricultural products such as corn, wheat and soy have contributed to lower levels of local inflation. By the end of the year, we reduce our estimate of annual inflation to 1.9%,” he said.
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