The Plenary session of the Congress of the Republic approved the text of motions 81 and 140, which propose the creation of a multiparty commission, composed only of representatives of the Board of Spokespersons, for the election of the three directors that are missing from the Central Reserve Bank (BCRP). With 74 votes in favor, […]
Tag: BCRP
Dollar closes higher and stands at S / 3.9820 after sale of US $ 126 million in the BCRP
The price of dollar closed higher and was located at S/ 3,9820 in operations on Thursday, October 28, which represents an increase of 0.05% at the end of last Wednesday where it was quoted at S / 3.9800, according to the report of the Central Reserve Bank of Peru (BCRP). In the morning, it had […]
Dollar in Peru: exchange rate opens the day down by S / 3.9714
The exchange rate began to fall on the day of Thursday, October 28, 2021 and is located at S / 3.9714 at 9:10 am according to the Bloomberg portal, with which a setback is noted at the close of last Wednesday , when it stood at S / 3.9800 according to the report of the […]
After raising the reference rate, BCRP increases local currency reserve requirements to contain inflation
The Central Reserve Bank of Peru (BCRP) decided to increase the reserve requirements in national currency, with the aim of complementing the recent increases in the reference rate and reinforcing monetary control. In this way, an increase in the minimum legal reserve was approved to 4.5% in November 2021, to 4.75% in December 2021 and […]
Velarde affirmed that the GDP would grow more than 13% in 2021 if the August level is maintained
The year-on-year GDP growth in 2021 would be 13.2% if the level experienced in August were maintained. This was stated by the president of the Central Reserve Bank of Peru, Julio Velarde, during its participation in the 2021 Economic Forum “Trust for economic development: managing change”, organized by AmCham. “Our last official growth projection was […]
BCRP: Mining investment would grow more than 8% in 2022, only for projects that are already underway
Mining investment in Peru by 2022 would grow by more than 8% for projects that are already underway, according to the president of the Central Reserve Bank of Peru, Julio Velarde. The director of the monetary entity also specified that for next year there would be no growth in private investment in the country. “For […]
Julio Velarde: Rise in energy prices makes it difficult to reduce inflation
The president of the Central Reserve Bank of Peru, Julio Velarde, affirmed this Tuesday that the external inflationary pressures and the rise in the price of energy make it impossible for the monetary authority to specify when the inflation rate in Peru will return to the target range of 1% and 3%. In this regard, […]
Julio Velarde warns of low business expectations after Castillo’s statements about Camisea
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, warned that business expectations for this month of October could not improve due to the recent statements of the President of the Republic Pedro Castillo, who this last Monday, October 25, urged Congress to work together on a law to nationalize or nationalize […]
Formal employment in August rose 0.9% compared to the prepandemic level
Formal employment at the national level increased 0.9% in August 2021 compared to the same month in 2019, registering for the first time a positive rate of expansion since the beginning of the pandemic, reported the Central Reserve Bank of Peru (BCRP) . In this regard, the labor Ricardo Herrera He pointed out that although […]
They publish a resolution that ratifies Julio Velarde as head of the BCRP
The Congress of the republic made official the ratification of Julio Velarde as president of the Central Reserve Bank of Peru (BCRP), through the publication, today in the newspaper El Peruano, of Legislative Resolution 003-2021-2022-CR, which provides for his permanence by majority decision of the Permanent Commission of said power. The day before, Velarde Flores […]