Julio Velarde set to accept new term as Peruvian governor

Photo of Julio Velarde
Julio Velarde
Photo: MARIANA BAZO/Reuters/PA Images

Julio Velarde will continue for one more term as governor of the Central Bank of Peru (BCRP), according to various news organisations.

Governor since 2006, Velarde is thought to have accepted a new five-year term on August 9. The decision followed a series of conversations with incoming finance minister Pedro Francke, says Bloomberg, quoting an anonymous source. Reuters also reported the news.

Some observers feared for the BCRP’s future as an independent institution due to the election of

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