The president of the Central Reserve Bank of Peru (BCRP), Julio Velardeexpressed concern about the 2026 elections and stressed that the most desirable would be for a sensible candidate to assume the presidency. However, he warned that “you can never know what will happen in the elections, especially when the parties are weak, as in Peru.”
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During one Conference in Inperú 2025made in Madrid, the RPP team reported that Velarde He also recalled the negative economic impact of a “bad choice”, so he referred to what happened during the 2021 elections and recalled that, in that year, a capital escape equivalent to 10 % of the savings of the Peruvians was recorded, which led to a rise in the exchange rate up to S/ 4.15 per dollar and generated a strong pressure on the national economy.
Despite this adverse scenario, Velarde stressed that the Peru He managed to maintain financial stability without resorting to capital controls, a measure that was adopted in other countries in the region. This fact, according to the head of the BCRP, shows the strength of the Peruvian monetary system against political uncertainty.
Julio Velarde says that candidates must strengthen the exchange of ideas
The president of Central Reserve Bank of PeruJulio Velarde, also pointed out that candidates must prioritize the exchange of ideas, in order to confidence in citizenship, since in this electoral contest, applicants can focus on personal attacks.
Velarde maintained a dialogue with Juan Pedro Oeschle, CEO of Santander Peru, in which he approached the growing business uncertainty that could be exacerbated with the beginning of the electoral process.
In that sense, the head of the BCRP mentioned that the population does not like confrontations, because these initiatives affect the image of the parties.
“That is what people do not like. In the Peruvian case, even before, in 2016, political discussions were very personal, although both parties were from the right. People do not like it, they say that does not work for them,” Velarde said.
