PERU FEELING SLOWER COMMODITY PRICES:

Peru posted its slowest quarter of GDP growth in four years at 4.8% year-over-year. The country’s fi nance minister, Luis Miguel Castilla, commented that the number may just be the fi rst of many as Peru’s economic benefi ts from industrial commodity demand are winding down. Julio Velarde, president of the Central Bank of Peru said the bank is open to cutting its benchmark lending rate if the deceleration is signifi cant.