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, […]
Tag: Julio Velarde
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), […]
BCRP does not yet plan to reduce the reference rate
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarderecently said in an interview with Bloomberg that he is wary of the risk of easing monetary policy prematurely before inflationary pressures have subsided. “We have to be sure that inflation is defeated. The worst case scenario for a central banker is to lower […]
Julio Velarde: “We have to be sure that inflation is defeated to lower interest rates”
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarderecently said in an interview with Bloomberg that he is wary of the risk of easing monetary policy prematurely before inflationary pressures have subsided. “We have to be sure that inflation is defeated. The worst scenario for the central banker is to lower the […]
New AFP 2023 withdrawal: what do the MEF and the BCRP think about a new release of funds?
Six projects that request a seventh withdrawal of the individual funds of the AFPs are awaiting an opinion in the Economic Commission of Congress. The first legislative initiative that raises a disbursement of 4 UIT (S/19,800) was presented on February 8; however, to date, their debate has not been scheduled. In the last session of […]
AFP Retirement 2023: which of the 6 bills raises a higher disbursement for affiliates?
In the Economy Commission of the Congress they rest 6 bills that propose a seventh withdrawal of individual AFP funds. Are legislative initiatives keep thousands of contributors in suspense they want to see their saved money in their bank accounts. However, from the sidewalk Executive and of the Central Reserve Bank of Peru (BCRP) have […]