Castillo Moderates Stance, Talks Of Investment and Stability

Some analysts are touting the most recent rhetoric from Pedro Castillo as by far the most important and credible sign of possible moderation from Peru's president-elect, inviting Velarde, head of the central bank since 2006 and architect of economic stability since then, to stay on job.

• In a speech to supporters he said he hoped that Velarde's work would remain "permanent" to help give "peace of mind economically" and open the door for investment in the world's second largest copper producer.
• Castillo, a wild card candidate, has rattled Peru's political establishment, markets and mining firms with plans to redraft the constitution and redistribute mining wealth, though has looked to soften his rhetoric in recent weeks.
• "Our commitment is to maintain a fiscal balance and improve the quality of public spending, promote investments and respect the independence and autonomy of the BCRP," he said in a post on Twitter shortly after his speech. (RTRS)