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BREAKING NEWS

Peru central bank does not see major impacts from political crisis

Peru central bank does not see major impacts from political crisis
FILE PHOTO - Julio Velarde, president of the Central Bank of Peru, talks to the media during a news conference in Lima, Peru, August 21, 2017. REUTERS/Mariana Bazo
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LIMA (Reuters) – Peru’s central bank president Julio Velarde said on Friday that he did not expect the country’s political crisis to affect economic growth or discourage investments as long as constitutional order was respected.

Velarde added that the central bank was prepared to intervene in the foreign exchange market if necessary to curb volatility that he said should be temporary.

President Pedro Pablo Kuczynski faced calls to resign or face impeachment from lawmakers in the opposition-ruled Congress on Friday.

(Reporting By Teresa Cespedes, Editing by Rosalba O’Brien)

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