Hugo Ñopo’s opinion in El País on Latin America’s measures to alleviate the effects of inflation
“In Peru, only 25% of employees are formal and business informality is also very large”. According to Hugo Ñopo, the increase in the cost of credit due to the rise in the benchmark interest rate of the Central Reserve Bank of Peru does not have such a direct impact on the level of activity. Thus, according to our Senior Researcher, the reduction of the tax on several staple foods could work in a developed economy, but not in Peru.
Read this article from El País about the measures in Latin America to alleviate the effects of inflation on the poorest.
