UPDATE 1-Peru central bank slashes 2014 GDP growth view to 5.5 pct

martes 22 de abril de 2014 23:21 GYT

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LIMA, April 22 (Reuters) - Peru's central bank slashed its forecast for this year's economic expansion to 5.5 percent from 6 percent on dimmer expectations for the country's crucial mining sector, the bank's president said.

The new growth forecast, scheduled to be published in a quarterly report on Friday, points to a less dramatic economic rebound in 2014 after last year's slowdown than the central bank and government had previously estimated.

The central bank and finance ministry said late last year that the economy would likely grow around 6 percent in 2014.

Central Bank President Julio Velarde said mining activity will pick up this year but will not likely be as robust as previously thought.

"We expect growth of 5.5 percent, with mining growing less than expected," Central Bank President Julio Velarde said during a presentation at a university event late on Tuesday.

Velarde said the bank trimmed its forecast in part because of weaker production from "an important copper mining company."

He did not specify the company's name.

Velarde also said the monetary authority revised its view of the fiscal surplus in 2014 upward to 0.4 percent of gross domestic product from its 0.1 percent estimate given in December.   Continuación...