According to Peruvian finance minister Contreras, Private investment in the country likely declined by 7.1% in Q2 2023 due to political instability. However, Contreras anticipates that inflation will continue its downward trend in July after a sharp drop in June. Meanwhile, the central bank’s chief expressed caution about reducing interest rates too early in case inflation rebounds. He does not expect inflation to fall back to the central bank’s target range until next year.