Overview
- The Senate voted to choose Oswaldo Molina, José Ricardo Stok and Juan José Marthans for the three legislative seats on the Banco Central de Reserva del Perú board, completing the seven-member team led by Julio Velarde.
- The Senate, which voted on Wednesday, approved Molina with 40 votes, Stok with 33 votes and Marthans with 36 votes, and the chamber president said a legislative resolution will be issued to formalize the appointments.
- A Senate commission produced a merit table that ranked candidates by combined academic and interview scores, but higher-scored applicants such as José Antonio Fernández Baca Llamosas and Santiago Roca did not secure Pleno majorities and were not selected.
- The three chosen nominees were backed by political blocs—Molina and Stok were proposed by Fuerza Popular and Marthans by Renovación Popular—highlighting the role of party support in the final outcome.
- The completed BCRP board will oversee monetary stability for 2026–2031, and observers should watch for policy continuity under Velarde and how the new directors influence inflation expectations and banking-sector oversight.