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Peru central bank gives pension funds more room to invest abroad
January 18, 2013 / 5:11 PM / in 5 years

Peru central bank gives pension funds more room to invest abroad

LIMA, Jan 18 (Reuters) - Peru’s central bank lifted the foreign investment ceiling for pension funds from 30 to 32 percent, the central bank said on Friday.

The decision will allow Peru’s private pension funds to invest an additional $750 million in international markets, and comes as the monetary authority struggles to control inflows of foreign capital as the local currency trades at some of its highest levels in more than 16 years.

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