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Home > Latest

Luis Enrique Arroyo assumes office as Prime Minister of Peru.

date
18/03/2026
On March 17th local time, Luis Enrique Arroyo, former Minister of Defense of Peru and retired Army General, was sworn in as the Chairman of the Peruvian Council of Ministers, replacing Dennis Miralles who resigned on the same day. Arroyo previously served as Minister of Defense and head of the National Institute of Civil Defense. This appointment is part of a cabinet reshuffle by the Peruvian government on the eve of a vote of confidence in Congress.
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According to CME's "FedWatch" tool, the probability of the Fed cutting interest rates by 25 basis points this week is 0%, the probability of keeping rates unchanged is 98.9%, and the probability of raising rates by 25 basis points is 1.1%. The probability of the Fed cutting rates by a total of 25 basis points by April is 3.1%, the probability of keeping rates unchanged is 95.9%, and the probability of raising rates by 25 basis points is 1.1%. The probability of the Fed cutting rates by a total of 25 basis points by June is 78.1%.
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