The Central Reserve Bank of Peru reported that Julio Velarde, its president, was awarded an honorary doctorate by the National University of San Cristóbal de Huamanga in Ayacucho. In remarks at the ceremony, Velarde said autonomous central banks are needed to shield monetary policy from political pressure and stressed that monetary policy's role is to preserve price stability. The university said the award recognized Velarde's career and contribution to Peru's economic stability. Its rector described him as an exemplary public servant and said that under his leadership Peru has recorded the lowest and most stable inflation in Latin America. Velarde also highlighted the Bank's meritocratic approach to attracting top professionals and the importance of education for the country's development.
Central Bank of Peru2026-05-26
Central Reserve Bank of Peru president receives honorary doctorate and reiterates the case for central bank autonomy
The Central Reserve Bank of Peru reported that its president, Julio Velarde, received an honorary doctorate from the National University of San Cristóbal de Huamanga in recognition of his career and contribution to Peru’s economic stability. Velarde underscored the need for autonomous central banks to protect monetary policy from political pressure, emphasized price stability as the core objective of monetary policy, and highlighted the Bank’s meritocratic hiring and the importance of education for national development.