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Keiko Fujimori announces Julio Velarde to continue as head of Peru's Central Bank
🇵🇾 Paraguay /Economy & Trade

Keiko Fujimori announces Julio Velarde to continue as head of Peru's Central Bank

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Peru's President-elect Keiko Fujimori announced economist Julio Velarde will continue as head of the Central Reserve Bank of Peru (BCRP).
  • Velarde, who has led the BCRP for 20 years and is credited with the sol's monetary stability, accepted Fujimori's request to serve another five-year term.
  • Fujimori expressed optimism about Peru's economic outlook, while acknowledging concerns regarding the potential impact of El Niño.

President-elect Keiko Fujimori has secured a key economic ally, announcing that Julio Velarde will remain at the helm of the Central Reserve Bank of Peru (BCRP). Velarde, an economist who has been the face of Peru's monetary stability for two decades, accepted Fujimori's personal request to continue in his role for another five years.

I wanted to ask him to be able to accompany us for five more years.

— Keiko FujimoriPeru's President-elect Keiko Fujimori announced her intention to retain Julio Velarde as head of the Central Reserve Bank.

Fujimori visited Velarde at the BCRP headquarters in Lima to formally ask him to stay on. She expressed her confidence that his reappointment would be welcomed by both Peruvians and international financial institutions. Velarde, who has served under ten previous presidents, stated he accepted the request "with the greatest pleasure" and felt "honored by the request," noting he might not have accepted under different circumstances.

I accept the request with the greatest pleasure.

— Julio VelardeCentral Reserve Bank of Peru head Julio Velarde accepted the reappointment request from President-elect Keiko Fujimori.

During a brief press conference, Fujimori shared that Velarde presented an optimistic economic outlook for the coming months. While acknowledging concerns about the potential impact of the El Niño climate phenomenon, she assured that appropriate preventive measures would be taken. Velarde's reappointment is seen as a signal of continuity and stability for Peru's economy, particularly given the country's recent political turbulence.

It is great news for Peru.

— Keiko FujimoriFujimori reacted to Velarde's swift acceptance of her reappointment request.
DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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