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December 7, 2024
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Julio Velarde: “To win the presidency you have to have empathy”

Julio Velarde

As he very rarely does, the president of the Central Reserve Bank (BCR), Julio Velardereferred to political issues. In this case, the official stated what characteristics the presidential candidates should have for 2026.

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“There are well-educated people who have been asking about politics, but I don’t think they have the votes. To win you have to have empathy to reach the different regions and segments,” he assured.

Velarde He added that “since there are no parties, there is no one” trained to deal with problems, so he considered that the concern now is that the person who wins has the correct orientation.

In that sense, he pointed out that there are no people like Luis Bedoya Reyes, or Víctor Raúl Haya de la Torre, who could discuss different issues that affected the country.

“Let us pray that he convenes the right people so that he can have a good government,” he said after the keynote talk called “Peru on the global stage: economic perspectives 2025,” organized by the Association of Exporters (ADEX).

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AUTONOMY AND DEFICIT

On the other hand, the president of the b assured that he has not felt political pressure to make decisions within the institution due to the autonomy of the entity he represents. “Just as I cannot tell the Minister of Economy to raise such a tax, increase spending, I would not think of paying attention if he tells me to lower the rate,” he added.

However, he did refer to the fiscal goals and stated that Peru “cannot live with a deficit of 4%” of GDP, because that would mean an increase in debt, the interest rate and the possibility of losing the investment grade.

“What has characterized us over the last 34 years has been fiscal responsibility, and that is extremely important to maintain,” he said.

PLEASE NOTE

The latest Macroeconomic Expectations Survey of the BCR revealed that in November, seven of the 18 indicators fell, such as the three-month expectation of the economy, which went from 51.7 points in October to 50.6 points.

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