Archive for September, 2014

Lower Inflation Gives Central Bank More Space for Policy Cut

Lower Inflation Gives Central Bank More Space for Policy Cut

Central Bank President Julio Velarde said that the monetary authority will have more space to implement monetary stimulus thanks to the drop in inflation in August. The national statistics agency INEI said Monday that the consumer price index for Lima fell 0.09 percent in August, bringing the 12-month inflation rate to […]

Peru’s Historic Cocaine Bust Linked to Mexican Cartel

Peru’s Historic Cocaine Bust Linked to Mexican Cartel

The biggest single cocaine seizure in Peru’s history — 7.6 tons of cocaine in Trujillo on the weekend —is linked to a Mexican drug cartel, according to police officials. The police operation that led to the find included the rest of six Peruvians and two Mexican citizens who had entered […]