In a recent statement, Julio Velarde, president of the Central Reserve Bank of Peru (BCRP), was consulted about the increase in the minimum wage in Peru. Velarde highlighted the importance of establishing clear and objective criteria for any salary adjustment, moving away from political decisions.
The debate over the increase of minimum wage has gained relevance in recent months, with various sectors requesting a review of the current amount. One of them is the Congress of the republicwhere a few days ago a declaratory bill was presented that seeks to increase the minimum vital remuneration to S/1,500.
What did Julio Velarde say about a possible increase in the minimum wage?
Julio Velarde He stressed that any increase in the minimum wage must be based on technical and not political criteria. Velarde emphasized the importance of recognizing what happens within the working market. In this sense, he stated that any decision must be predictable.
“What we have always sought is that there are clear criteria for increasing the minimum wage, that it is not a political decision and that it is adjusted every two years, or the period that is established. Before elections or for political reasons. Make it something more predictable. Also seeing what is happening in the labor market,” said the president of the Central Reserve Bank of Peru.
What is the minimum wage and when was its last increase?
The minimum vital remuneration It is the legal minimum wage that a worker can receive. This amount is established with the objective of guaranteeing a basic income that allows the essential needs of workers and their families to be covered. In 2022, the minimum wage in Peru increased to S/1,025. This increase sought to adjust the salary to the economic conditions of that time, considering factors such as inflation and the cost of living.
Since the last increase, various proposals have emerged to review the amount of the minimum wage, arguing that the cost of living has continued to increase. It is expected that, in the event of an increase in the minimum wage, it will occur without compromising the economic stability from the country.
What are the functions of the BCRP?
He Central Reserve Bank of Peru (BCRP) Its main function is to preserve the monetary stability of the country. This includes maintaining low and stable inflation, which contributes to a favorable economic environment for growth and investment. Additionally, the BCRP regulates the currency and credit of the financial system, ensuring that monetary policies support economic stability.
On the other hand, BCRP has the responsibility of managing the country’s international reserves, which helps protect the economy and maintain confidence in the national currency. Julio Velardeas president of the BCRP, has been a key figure in the implementation of policies that have contributed to Peru’s economic stability in recent years.
Source: Larepublica
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