Overview

• A letter from Fed Chair Jerome Powell was projected at the conference, congratulating Velarde as he nears two decades at the BCRP and lauding his commitment to economic stability.
• Velarde highlighted Peru’s comparative fiscal stance, citing a 2.5% deficit ceiling versus reported deficits of 8.5% in Brazil and 5.8% in Colombia.
• He stressed that central bank autonomy is indispensable to prevent short‑term political pressures from undermining price stability.
• Recent data cited at the event showed annual inflation of 1.11% in August 2025, the lowest reading of the year and the weakest since August 2018, according to the coverage.
• He said the U.S. dollar is unlikely to lose global prominence over the next 15 years despite efforts by Russia and China to elevate other currencies.