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The current account deficit in Peru reaches its highest level since 1998 with 6.6% of GDP in 1Q14

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Published on Wednesday, May 28, 2014

The current account deficit in Peru reaches its highest level since 1998 with 6.6% of GDP in 1Q14

The Peruvian deficit reflects the downward correction in commodity prices, in particular metals. We estimate that this figure reduces the possibility of a cut in policy rates.