Peru keeps central bank chief as Fujimori retains Velarde for monetary continuity
Peru's president-elect Keiko Fujimori asked central bank chief Julio Velarde to stay on, and he accepted on July 6. Velarde has led the bank since 2006, and the new appointment would run for five years, signalling monetary continuity.
Peru's president-elect Keiko Fujimori has asked central bank chief Julio Velarde to remain in his post. Velarde accepted the request on July 6, signalling continuity in the country's monetary policy.
Velarde has led the bank since 2006, a period spanning ten presidents, with Fujimori set to become the eleventh. The new appointment is expected to run for a five-year term from 2026.
Reappointing a long-serving central bank chief is generally viewed by investors as a sign of stability. Markets will watch whether the current approach to inflation and interest-rate decisions is maintained under the incoming government.
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