“I hope it goes up in the future,” said the BCRP president regarding the profitability of his pension fund. The official appeared before the Congressional Economic Commission to explain the impacts that the authorization of a seventh AFP withdrawal would have. Join the La República WhatsApp channel Price of the dollar today in Peru: what […]
Tag: Julio Velarde
Julio Velarde in debate on AFP retirement: “Allowing withdrawals means having lower pensions in old age”
1- AFP Withdrawal from 2 UIT (S/9,900) – Segundo Montalvo Cubas (Free Peru) 2- AFP Withdrawal of up to 4 UIT (S/19,800) – Digna Calle (Vamos Perú) 3- AFP Withdrawal of up to 3 UIT (S/14,850) – Víctor Cutipa (Peru Bicentennial) 4- AFP withdrawal of 50% of funds – Elías Ávalos (Vamos Perú) 5- AFP […]
Julio Velarde: “We must pray that El Niño is moderate and not strong”
He El Niño phenomenon has put the country’s economy in uncertainty. Inflation could emerge, rising prices of some products, especially agricultural products. This phenomenon is characterized by torrential rains on the coast and drought in the mountains; Both scenarios will impact agriculture and will take an inevitable toll on production. Likewise, fishing. He president of […]
Savings are reduced due to lower purchasing power
“Save bread for May,” says one of the most popular morals in our country, considering that we are not free from the calamities of life; for example, the current deterioration of the Peruvian economy. In this regard, the Superintendency of Banking, Insurance and AFP (S.B.S.) details that the level of savings of natural persons in […]
Julio Velarde: GDP growth is key to reducing poverty
The numbers overturned the story of Dina Boluarte’s Government: in September the GDP fell 1.29% and accumulated three consecutive months in the red and, in year-on-year terms, it was anchored at 0%, which bodes well for several consulting firms and financial entities that 2023 closes in negative. This freezing of national production – labeled by […]
CADE 2023: some Peruvians need S/11 to leave poverty, according to Julio Velarde
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 […]
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 […]