President-elect Ollanta Humala announced that central bank President Julio Velarde will stay...an indication that the decade's successful economic policies...will continue.
On that news...the Lima Index rose 4.5%...the biggest one-day gain since 7 June.
“The markets were waiting for a sign that Humala will maintain macroeconomic policies and a stable currency,”said a trader.
Another surge in gold's price, Peru's second-biggest export earner after copper...also helped the index.