The BCRP president argued that GDP growth is crucial to reducing poverty. He insists that the Executive undertake reforms to recover potential. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Thursday, November 16? Banco de la Nación payment schedule: look at the November […]
Tag: Julio Velarde
BCRP would resume cuts in its reference rate today
The Board of Directors of the Central Reserve Bank of Peru (BCRP) will decide today if they continue to cut the interest rate or if they keep it at 7.25%. Although, according to the consensus of specialized entities, they would subtract 25 basis points, placing it again at 7.0%: a ratio not seen since October […]
World Bank: interest rates will remain high for longer
As a result of the global increase in inflation due to the pandemic, central banks—in this part of the world, mainly influenced by the United States Fed—chose to raise interest rates to levels not seen in several decades to mitigate this phenomenon. Ajay Bangapresident of the World Bank, acknowledged that inflation has begun to decline […]
Julio Velarde encourages Argentines in their fight against inflation
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, was applauded this Wednesday by businessmen in Argentina, a country that suffers a very high inflationexchange restrictions and multiple types of exchanges. During his participation in the 59th Colloquium of the Institute for Business Development of Argentina (IDEA), Velarde Flores gave a message […]
Julio Velarde, president of the BCR, draws applause from Argentines fed up with inflation
The president of the board of directors of the Central Reserve Bank of Peru, Julio Velarde Floresdrew applause this Wednesday from an auditorium of businessmen in Argentina, a country that suffers very high inflationexchange restrictions and multiple types of exchanges. “We are self-employed“said Velarde while receiving the first applause during his participation in the 59th […]
For the second year, Peruvian GDP would grow less than the region
After the ghosts of the pandemic dissipated, the Peruvian economy it will barely grow this year below 1.0% –and with strong downward biases due to the climate emergency, which could take it to 0%–. What explains the deterioration? The protests after the arrival of Dina Boluarte The Government Palace still has a dent in the […]
Julio Velarde: Mining investment will fall 18% this year
Mining is a key driver of the Peruvian economy. However, in the last three years, there is no investment in new projects. Given this, the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, during his presentation at Perumin, pointed out that mining investment will close the year with a drop of 18%, […]
BCRP: non-working days in Peru increased by 25% in the last 2 years
In the last two years, non-working days in the country have increased by 25%, as they increased from 12 to 16 holidays. In this way, formal workers have 30 days of vacation and 16 holidays, which makes us the nation with the most paid days off compared to the countries of the OECD and the […]
Food and energy prices would rise almost 5%
The Central Reserve Bank of Peru (BCRP) recently revised downward the growth forecast for the Peruvian economy from 1.3% to 0.9%. This – among other factors – driven by low business confidence, which will result in a 5.3% drop in private investment at the end of 2023. In a scenario marked by the rise in […]
Private investment in a nosedive: it will close at -5.3% this year
The slowdown in GDP – it fell 0.5% in the first half and is expected to close the year below 1% – is largely explained by the contraction of private investment and the low confidence of consumers and businessmen, according to the latest report from the Central Reserve Bank of Peru (BCRP). In the first […]