The possibility of raising the minimum wage in Peru has been put on the table for debate again after the head of the Ministry of Labor and Employment Promotion (MTPE), Fernando Varela, indicated that they are preparing the technical aspect of the minimum living wage (RMV) to discuss it in National Labor Council and reach […]
Tag: Julio Velarde
Velarde describes GDP growth in Peru as “mediocre”: how much would the economy reach in 2023?
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, pointed out last Friday that the estimated growth of the Gross Domestic Product (GDP) in Peru is “mediocre”; however, it is located in a better position compared to the rest of the countries in Latin America. Along these lines, he warned that the […]
Julio Velarde: “Improvement of expectations is being very slow”
Since January of this year, business expectations have improved, but at a snail’s pace, despite the ravages of inflation, social unrest and natural disasters caused by the passage of the Cyclone Yaku. At the end of May, of 18 indicators, eight are in the optimistic rangeaccording to the survey carried out by the Central Reserve […]
Peruvian economy drags a downward bias for this year, warns Julio Velarde
This year the economy will grow just 2.6%, according to the Central Reserve Bank of Peru (BCRP), due to internal factors such as natural disasters and social conflicts. Julio Velarde, president of the BCRP, announced this Friday that there is a downward bias in the GDP estimate “because of everything that has happened so far.” […]
Julio Velarde: “Compared to the average salary of other countries, Peru’s minimum salary is high”
Julio Velardepresident of the Central Reserve Bank of Peru, pointed out this Friday, June 2, that if salaries rise very quickly, they tend to block the generation of employment. In this sense, he recalled that the minimum salary in Peru covers 60% of the average salary, a higher ratio than countries like Chile and Mexico, […]
Rising prices: which cities in Peru suffered the highest inflation in May?
In May, consumer prices increased in 21 of the 26 cities From Peru. The highest variations were registered in Chimbote (0.77%), Chiclayo (0.68%), moyobamba (0.67%) Trujillo (0.57%), Huánuco (0.56%) Cajamarca (0.52%) and Pucallpa (0.51%), according to the latest report from the National Institute of Statistics and Informatics ( INEI). In contrast, cities with falling prices […]
Minister Alex Contreras to investors in New York: “Whoever bets on Peru always wins in the long term”
He Minister of Economy and FinanceAlex Contreras, together with the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, lead a public-private delegation in the city of NY (USA) with the objective of holding meetings with investors and authorities to expose them the macroeconomic strengths of Peru and various investment opportunities that the […]
Velarde: “If Bolivians cannot find dollars, the most stable currencies they can find are soles”
The president of the BCRP spoke about the stability of the sunthe Peruvian currency, and the purchase of these by Bolivians. Can I withdraw the CTS they deposit in May 2023? Price of the dollar today in Peru: what is the exchange rate for this Thursday, May 11? The president of the Central Reserve Bank […]
BCRP: inflation would normalize in February 2024
Inflation in April finally fell below the 8% threshold, after touching its maximum peak in almost three decades at the end of 2022. Along these lines, the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, assured that the Consumer Price Index (CPI) —that is, the cause of the headache in the household […]
Julio Velarde on increasing the minimum wage: “It will have an impact on job creation”
It is not yet the right time to raise the Minimum Vital Remuneration (RMV), according to the banker. Price of the dollar today in Peru: what is the exchange rate for this Wednesday, May 10? Can I withdraw the CTS they deposit in May 2023? The president of the Central Reserve Bank of Peru (BCRP), […]