Overview

• Julio Velarde said “today, no” when asked if he sees himself continuing at the BCRP, speaking after the September inflation report presentation.
• He stressed the decision is not his and said he is not seeking reappointment, though he would consider it if the next president formally asks.
• Velarde said he has four potential successors in mind and publicly highlighted two internal options: Adrián Armas and Paul Castillo.
• Armas is the central bank’s chief of economic studies and Castillo is the general manager, both long-serving technocrats without known political ties, according to the reporting.
• His current mandate ends in July 2026, and coverage frames the succession as pivotal for institutional continuity and investor confidence during a period of political strain.