Peru President-Elect Fujimori Renominates Central Bank Chief Velarde for New Term
Peru President-elect Keiko Fujimori has nominated central bank Governor Julio Velarde for another term, a move that would extend his tenure to more than 20 years pending Senate approval, Velarde, 74, said he accepted the nomination despite previously considering retirement, while Fujimori praised his record in maintaining inflation and monetary stability. Velarde has led Peru's central bank since 2006, overseeing one of Latin America's fastest-growing economies and outlasting 10 presidents. His reappointment is expected to reassure investors as Fujimori prepares to form her economic team.
Peru President-elect Keiko Fujimori has nominated central bank Governor Julio Velarde for another term, a move that would extend his tenure to more than 20 years pending Senate approval, Velarde, 74, said he accepted the nomination despite previously considering retirement, while Fujimori praised his record in maintaining inflation and monetary stability.
Velarde has led Peru's central bank since 2006, overseeing one of Latin America's fastest-growing economies and outlasting 10 presidents.
His reappointment is expected to reassure investors as Fujimori prepares to form her economic team.