Fitch: Robust and Credible Economic Framework Underpin Peru's Policy Flexibility

April 13, 2015 2:22 PM

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(The following statement was released by the rating agency) NEW YORK, April 13 (Fitch) Peru's macroeconomic and fiscal policies have prudently managed a positive commodity and international financing cycle without accumulating large economic and external imbalances, according to a new Fitch Ratings special report.

The policies also presently enable the use of counter-cyclical stimulus to smooth growth. Peru's policy framework is underpinned by a credible inflation targeting regime, proactive macro-prudential management and a rules-based fiscal policy. 'Peru's policy mix has enabled the sovereign to develop a ...

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