Peru Central Bank Cuts Growth View as Copper Revenue Shrinks

Peru’s economy will grow more slowly than previously forecast this year and next on lower than expected copper and gold production, central bank President Julio Velarde said.

The central bank has reduced its 2014 economic expansion forecast to 4.4 percent from 5.5 percent in April, Velarde told reporters today during a presentation of the bank’s quarterly inflation report at the central bank in Lima.