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Central Bank Governor Velarde In Davos

PERU
  • BCRP President Julio Velarde spoke in Davos yesterday, with analysts noting a cautious tone, which keeps the likelihood of maintaining the 25bp cutting pace high. Velarde remarked on the domestic political uncertainty and the need for changes to constitutional rules, while highlighting that despite political disorder, economic stability has been maintained over the past eight years. Further remarks will be monitored from a panel discussion on Thursday with the title “What Next for Monetary Policy?”, where Velarde is joined by other current and past central bank governors.
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