Peru Needs Structural Reform to Boost Growth, Official Says
Peru’s central banker sees little room for further rate cuts and calls on the government to remove red tape and overhaul labor laws.
Jason Mitchell
November 24, 2014
Julio Velarde, president of the Central Reserve Bank of Peru, speaks at the the inPERU Roadshow 2013 in Mexico City, Mexico, on Wednesday, Dec. 11, 2013. Peru's central bank will probably keep borrowing costs unchanged today after unexpectedly cutting rates last month amid the slowest economic expansion since 2009. Photographer: Susana Gonzalez/Bloomberg *** Local Caption *** Julio Velarde
Susana Gonzalez/Bloomberg
