WSJ/ Central bank President Julio Velarde said Peru isn't considering capital controls even as it tries to prevent the SOL from appreciating rapidly. Interest rate raises and larger bank reserve requirements have helped to keep inflation at bay while GDP has surged nearly 8.2% in the first half of 2010. Officials say they don't have a target rate for the sol but have bought around $6.5 billion usd in the market. The sol has appreciated 3% against the usd so far in 2010.
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