Peru’s Economy Is So Far Shrugging Off Electoral Risk, Says Top Bank CEO
Peru is one of Latin America’s most stable economies — with low inflation and a strong currency — and a top exporter of copper and gold at a time of record-setting metal prices.
Photographer: Angela Ponce/BloombergThe chief executive of one of Peru’s largest banks is reasonably sure that the mining nation’s economy can continue to ride a commodities boom in 2026, largely tuning out the noise of looming general elections and unyielding political turmoil.
“We continue to have cautious optimism, but we are even a little bit more upbeat because Peru’s macroeconomic indicators are performing pretty well,” said Luis Felipe Castellanos, who leads Intercorp Financial Services. The company owns Interbank, Peru’s No. 3 lender, and is controlled by Peruvian billionaire Carlos Rodriguez-Pastor.