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Finance Minister Ismael Benavides announced that he will seek new laws to prevent presidential front-runner Ollanta Humala (pictured) from tapping $30 billion in private pension funds should he win the June election.
The leftist nationalist Humala won the April first-round vote.
In 3 recent polls, with 41% support Humala leads Congresswoman Keiko Fujimori's 37%.
However, a newly released Ipsos poll shows the two virtually tied...with 39% for Humala and 38 % supporting Fujimori.
Humala's continuing lead in the polls has caused the biggest slump in stocks there since October 2008...also sending government bond yields to a two-year high.
But the market rallied on the Ipsos results Wednesday.
Nevertheless... “You’ve seen what happened in Argentina, and we want to avoid that,” said Benavides. “It’s a trend, in certain countries that are making a mess of what they are doing.”
