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September 29, 2025
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Julio Velarde after recognition: "We hope that independence can be maintained"

Julio Velarde after recognition: "We hope that independence can be maintained"

During Perumin 37which develops in Arequipa, the president of the Central Reserve Bank (BCR), Julio Velardereceived recognition in charge of the organization of the summit and highlighted the importance of officials fulfilling the assigned duties.

“One always tries to fulfill its function. I think many should try to fulfill that function,” said the official who received the applause of a full auditorium that came to hear his vision on the economic landscape.

With the humility that characterizes it, Julio Velarde said that during his management, which began in 2006, “I don’t know how much we have achieved,” but he resulted that “it has been a permanent struggle in independence.”

“Fortunately we have not had the pressures that other presidents of the Central Bank of the region and the world have had. Hopefully this independence can be maintained in the future. Independence that I see as indispensable if we want to maintain low inflation,” he said.

Similarly, he said there will always be a “temptation” to try to obtain revenues in the short term, but pointed out that the costs of these decisions would be seen in the future.

It should be noted that during recognition of Julio Velarde A letter sent by the president of the Federal Reserve (FED) of the United States, Jerome Powell, with whom the president of the BCR said they look continuously.

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