on Wednesday affirmed the Government looks very solid and clear in its objectives, being the reasons why the price of the U.S. dollar continues to fall and the Lima Stock Exchange (BVL) continues to rise.
The Cabinet member said the approval at insistence by Congress of the bill that regulates the motion of confidence has not had a major impact on the U.S. dollar or the BVL.
"What has been seen in the market today is that this has not affected (those factors) since the dollar price has continued to fall, and the stock market has continued to perform well. The reports that I have (received) from economic consulting institutions affirm that there is a good economic mood (…)," the economist told reporters.
"The Government looks very solid and very clear in its objectives; there has been plenty of clarity and tranquility in the markets, and that is reflected in how both the (foreign) exchange and stock markets have evolved today with favorable performances," he stressed.
"Regarding what was approved yesterday at Congress of the Republic, as mentioned by the Justice Minister and the Cabinet Chief, it is clearly an issue on which we think we must seek a balance of powers, and that this (bill) is not the best way for democratic governance," Francke indicated.
"Several experts have pointed out that a measure like this had signs of unconstitutionality; I understand that there is a history of rulings by the Constitutional Court in that regard," he added.
Remarks were made during a press conference held at the Government Palace in Lima.