Economics
Peru’s Castillo to Reappoint Velarde as Central Bank Head
- Candidate leading the June 6 election tries to calm markets
- Velarde is one of the world’s most experienced central bankers
Julio Velarde
Photographer: Miguel Yovera/BloombergThis article is for subscribers only.
Peru’s leftist presidential candidate Pedro Castillo said he is willing to reappoint the head of the country’s central bank, his most market-friendly move yet as he tries to emerge as the winner of the contested June 6 elections.
“Our commitment is to maintain fiscal balance and improve the quality of public spending, promote investments and respect the independence and autonomy of the BCRP,” Castillo said in a tweet late on Saturday. “Therefore, our willingness to ratify Dr. Julio Velarde as president of this important institution.”