Since August 11, the peso has lost almost 2% (1.8 %) in value, and the Phisix has fallen almost 10 % (9.97%). These are not small numbers, but they are also not the largest moves among the markets in the region. Should we take comfort in that? Full effect? What I have described over the last ten minutes or so is not news.
The three sectors together (building and construction sector, trade and household) accounted for over 55% of banking systems’ outstanding credit to the Private Sector since February 2014. Annual growth of PS credit during 2014/15 is projected at 15 percent. 2  BIS central bankers’ speeches