indicated that, although there is uncertainty regarding the 2026 general elections, the next candidate for the Presidency of the Republic must demonstrate empathy with the population’s needs and move in the right direction.
During his keynote address, "Peru on the Global Stage: Economic Perspectives for 2025," organized by the Peruvian Exporters Association (Adex), he stated that a president needs effective communication with citizens.
"A statesman can enact unpopular measures, but if he explains them in clearly and empathetically, he will reach all segments and regions of the country. Besides, he must demonstrate through deeds his commitment to serving Peruvians and assemble the right people to form a good government," he explained during his speech.
Stability
Governor Velarde stressed that Peru's cumulative growth during the 21st century surpassed that of most economies in the region.
"In 2024, year-on-year GDP growth rates are mostly positive, with optimistic projections driven by the normalization of weather conditions and private spending growth. Sectors such as agriculture, fishing, and associated manufacturing are key to this recovery," he emphasized.
As for inflation, Peru (3%) has the second-lowest average annual rate in the region over the last 23 years, just behind Panama (2%), while surpassing giants of the continent such as Argentina (27.2%) and Brazil (6.2%).
"Fortunately, it remained very close to the center of the target range between May and November. It is expected to reach 2.3% by the end of 2024, higher than the 2.2% of the June Report, due to a slower supply shocks reversal," he said.
It is worth mentioning that the BCR board of directors reduced the reference interest rate by 25 basis points, bringing it closer to the level considered neutral.