Fitch affirmed Peru’s rating at BBB, with a Negative Outlook due to persistent political uncertainties which dampen private investment and economic growth. The agency noted the potential for improvement if pending reforms enhance political stability. Conversely, a new bill allowing further pension withdrawals could pressure financial markets and exacerbate fiscal challenges. Fitch forecasts growth at 2%-2.5% in 2024. The central bank lowered its key interest rate by 175 bps to 6.0% following a rapid decrease in inflation.