LIMA Feb 10 Peru's central bank said Friday that it expects inflation to ease into its 1-3 percent target range in the second half of 2017 instead of mid-2017 because of the impact of heavy rains and droughts on food prices.
But the central bank still expects inflation to reach its previous year-end forecast of 2.3 percent, the bank's economist Adrian Armas told reporters on a conference call.
(Reporting By Teresa Cespedes)
U.S. awards 5-year note at weakest bidding since February
NEW YORK, June 27 The U.S. Treasury Department on Tuesday sold $34 billion of five-year government debt to the weakest demand in four months, resulting in a yield of 1.828 percent, the lowest yield for this maturity at an auction since November, Treasury data showed.