The National Society of Industries (SNI) recognized Julio Velarde Flores, president of the Central Reserve Bank of Peru (BCRP), for his outstanding work in the preservation of macroeconomic stability and his leadership in the face of the main economic and social challenges that the country has faced in recent decades, such as the financial crisis […]
Tag: Julio Velarde
Business optimism rises due to the Tia Maria effect and higher consumption in July
Restart of operations of the copper project Aunt Mariain Arequipa, has anticipated a recovery in business expectations in the seventh month of the year. However, the effect on a possible increase in the minimum wage (RMV) in the following months has yet to be measured, as stated by President Dina Boluarte in her message to […]
Central Bank: GDP would have grown 2.7% in the first half of the year
The Central Reserve Bank of Peru (BCRP) estimates that the economy will end this year at 3.1%, and this journey—which has an upward bias—seems auspicious. The Ministry of Economy and Finance (MEF) shares this projection. In May alone, GDP is believed to have grown by around 5%, driven by the strong recovery of the primary […]
BCRP and Fed rate cuts are still uncertain
Even though US inflation continues to decline, reaching 2.6% in May, that is, ever closer to its 2% target, Jerome Powell, chairman of the Federal Reserve (Fed), said that they would still need more evidence that this inflationary behavior is constant before cutting interest rates. The Central Reserve Bank of Peru (BCRP) also decided to […]
Julio Velarde: Tia Maria will impact GDP starting in 2025
The BCRP president says that the reactivation of the mining project will improve investor confidence. However, the Southern operation does not have the full acceptance of Valle del Tambo. Join the Whatsapp channel The confirmation of Southern Peru’s activities in Tía María is good news for the local economy, according to Julio Velarde, president of […]
Julio Velarde is not opposed to the increase in the minimum wage: “There should be clear criteria”
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 […]
Julio Velarde: employers must contribute to the AFP or ONP of their workers
In order to “have a more stable system”, according to the president of the BCRP. Join the WhatsApp channel The president of the Central Reserve Bank of Peru (BCRP), Julio Velardewas in favor of employers also contributing to their workers’ pension funds – read AFP or ONP -. In his opinion, this way we would […]
BCRP: the Peruvian economy will grow 3.1% in 2024
The issuing entity slightly raised its GDP projection. Higher fishing quota would explain the upward bias. Join the WhatsApp channel The Central Reserve Bank of Peru (BCRP) slightly raised its GDP projection for this year, now placing it at 3.1% (previously at 3.0%). According to Julio Velarde, president of the BCRP, the rebound would respond […]
Julio Velarde responds to José Arista: “I find it painful to argue with the Minister of Economy”
Julio Velardepresident of Central Reserve Bank of Peru (BCRP)described as “painful” the fact of responding to the Minister of Economy and Finance, Jose Aristawho days ago He referred to Velarde’s performance at the helm of the state entity. As recalled, both political figures had an exchange of words in the media regarding the work and […]
MEF: “The BCRP does not help reactivate the economy”
The Minister of Economy and Finance, José Arista, defended his jurisdiction after being openly criticized by Julio Velarde, who assured that the MEF has lost technical management and is subject to initiatives from Congress and the Constitutional Court. Like a carefree boxer, Arista assured that the Central Reserve Bank (BCRP) does not allow the economic […]