Peru Moves to Keep Julio Velarde at the Central Bank
Peru · ECONOMY Key Facts —The decision Supreme Resolution 258-2026-PCM, published in El Peruano on 21 August, designates Julio Velarde as president of the Banco Central de Reserva del Perú. —The term Five years, running 2026 to 2031. By the end of it he will have held the post for about 25 consecutive years. —Who […] The post Peru Moves to Keep Julio Velarde at the Central Bank appeared first on…
Peru's government has decided to retain Julio Velarde at the central bank until 2031, extending his fifth five-year term. Velarde has been in charge of the Banco Central de Reserva del Perú since 2006, despite numerous changes in the country's presidency. The decision, published on 21 August in Supreme Resolution 258-2026-PCM, requires Senate ratification but has not yet been voted on.
The central bank has maintained its independence and stable inflation rates, despite Peru's political instability, which has contributed to Peruvian sovereign spreads trading better than expected given the political headlines.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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