The Central Bank of Peru announced that its president, Julio Velarde, received the “Sanmarquina Medal of Honor” from the National University of San Marcos in recognition of his career and contribution to the country’s welfare and development. In his acceptance remarks, Velarde argued that preserving monetary stability is indispensable, but not the only condition for growth and prosperity, and warned that continuous change and lack of stability undermine the continuity of state policies. He cited Peru’s inflation rate of 1.3% and noted that Peru has recorded the longest period of single-digit inflation in Latin America for almost 29 years. University representatives highlighted Velarde’s role in supporting monetary stability and the central bank’s technical management, and credited his leadership with low inflation, a relatively stable exchange rate and record international reserves; the medal is described as the university’s highest distinction.
Central Bank of Peru 2025-04-30
Central Bank of Peru president Julio Velarde awarded National University of San Marcos Medal of Honor
The Central Bank of Peru announced that its president, Julio Velarde, received the "Sanmarquina Medal of Honor" from the National University of San Marcos for his contributions to the country's welfare. Velarde emphasized the importance of monetary stability for growth, citing Peru's 1.3% inflation rate and its nearly 29-year record of single-digit inflation. University representatives praised his leadership in maintaining low inflation, a stable exchange rate, and international reserves.