The Minister of Economy and Finance, José Arista, responded to the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, after the latter questioned that the MEF lost technical management and was bowed down by Congress. To the press, Arista maintained that Velarde must be more proactive with the reduction of the reference […]
Tag: Julio Velarde
Mining investment will grow 7.8% this year, estimates Julio Velarde
Increased demand for metals such as copper made the sector’s exports grow nine times more than more than two decades ago, according to the president of the BCRP. Join the WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Thursday, May 23 Fonavi 2024: Ad Hoc Commission evaluates […]
President of the BCR, Julio Velarde: “We have mining potential, but we have become complicated in procedures”
During the XV International Mining Meeting symposium, the president of the BCRP, Julio Velarde, addressed the difficulties faced by the mining industry in Peru. Velarde pointed out that, despite the country’s great mining potential, the creation of new institutions has increased the amount of administrative procedures, which complicates investment in the sector. He also highlighted […]
BCRP: Julio Velarde estimates that inflation will close at 2.2% in 2024
The president of the Central Reserve Bank (BCRP), Julio Velarde, estimated that the 2024 Consumer Price Index (CPI) will close around 2.2%, after recovering its path towards the target range in April. During his presentation at the XV SYMPOSIUM – International Mining Meeting, organized by the National Society of Mining, Petroleum and Energy (SNMPE), the […]
BCRP reduced its interest rate: what does it mean and how does it affect your pocket?
The Board of Directors of the Central Reserve Bank of Peru, headed by Julio Velarde, has decided to limit the interest rate to 5.75%. This change has left thousands of Peruvians wondering exactly what it means and how they can make the best of it. Given this, the economist, PUCP Finance Director and former Minister […]
Julio Velarde proposes increasing workers’ contributions to the AFP: “10% is very little”
The debate on the reform of the Peruvian pension system in Congress will take place in the coming weeks. In this sense, the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, considered it necessary to increase the contribution rate of members of the Pension Fund Administrators (AFP), currently set at 10%. This […]
Julio Velarde on pensions in the AFP: “It is enough if we lived 140 years or worked more (years)”
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, pointed out that the ideal for reforming the pension system is to opt for a scheme with individual accounts – like that of the AFPs – and with mandatory contributions. “Individual accounts have the advantage that they do not defund the (public) budget, […]
BCRP maintains its Peruvian GDP growth projection for 2024 at 3.0%
The normalization of climatic conditions and recovery of private spending is expected to help the annual result of the economy after the recession, according to Julio Velarde. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Wednesday, March 13 Seventh AFP withdrawal 2024 LIVE: […]
Julio Velarde on the Peruvian economy: “Political instability has taken its toll”
As part of his presentation at the World Economic Forum in Davos, Switzerland, the president of the Central Bank of Peru (BCRP), Julio Velarde referred to the economic situation in Peru, pointing out that although efforts have been made to keep productive activity at bay, “political instability has taken its toll” in terms of growth. […]
Julio Velarde in Davos: “A change in the constitutional rules is needed in Peru”
The president of the Central Bank of Peru (BCRP), Julio Velarde, assured that Peru’s economic stability depends “on a change in the fundamental rules” to avoid excessive succession of authorities, a procedure exceptionally regulated in the Constitution, but which has been recurring since 2016. During his presentation at the World Economic Forum in Davos, the […]