Central Reserve Bank (BCR) Governor Julio Velarde has affirmed Peru relies on solid macroeconomic foundations
that enable stability in the exchange rate and sovereign bond yields, despite the current domestic political situation.
However, Velarde stressed foreign investors are interested in Peruvian debt papers.
Less political noise
Greater payment capacity
On the other hand, Velarde pointed out the private sector's wage bill has displayed a great expansion in 2018, thus increasing the payment capacity of consumers.
"We have seen that, in the formal private sector, the wage bill has been rising at levels above 7% last year, which means there is a greater capacity to pay loans
," he added.