Peru opposition lawmaker questions executive's plan to lift interest rate cap amid low inflation

Peruvian congressman Víctor Andrés García Belaunde publicly criticized the Executive's proposal to eliminate the cap on interest rates, questioning the motivations of Elmer Cuba, a key economic advisor. The criticism comes as annual inflation stands at 1.5%, suggesting the move may be aimed at boosting credit rather than addressing price pressures. This highlights domestic political friction over economic policy, with potential implications for financial regulation and consumer lending in Peru.