The Central Bank of Peru said Julio Velarde would continue as president of the central bank after accepting president-elect Keiko Fujimori's proposal that he stay in the post for the next term. The announcement followed a meeting at the bank's headquarters and indicates continuity at the top of the monetary authority, subject to the formal appointment process set out in Peru's Constitution. Velarde has led the Central Bank of Peru since 2006. Fujimori linked her proposal to the central bank's record on inflation control and monetary stability. The meeting was also attended by Paul Castillo, the central bank's general manager, and Miguel Torres, Peru's second vice president-elect. Under the Constitution, the executive branch proposes the central bank president and the Senate must ratify the designation.
Central Bank of Peru2026-07-06
Central Bank of Peru says Julio Velarde accepted proposal to remain president pending Senate ratification
The Central Bank of Peru said Julio Velarde accepted president-elect Keiko Fujimori's proposal to remain as central bank president for the next term. Velarde has led the bank since 2006. His continuation still requires the executive's formal proposal and Senate ratification under Peru's Constitution.