AWARD CENTRAL BANK GOVERNOR: Sign language
Careful signaling to markets and consumers by Peru’s Julio Velarde helped
keep inflation in check. By Robert Kozak
Some central bank governors in Latin America have been able
to find the sweet spot, guiding their countries’
economies through a morass of recession, inflation, and
currency and trade issues.
Each year, LatinFinance surveys economists and financial
analysts to identify who has been the most effective central
bank governor in the region. We examine the
institutions’ results in managing monetary policy,
controlling inflation and ensuring financing stability. We also
take into account the banks’ transparency and
effectiveness in communicating with markets.
This year, Julio Velarde Flores, the longtime governor of
the Central Reserve Bank of Peru, wins
LatinFinance’s Central Bank Governor of the Year
Award. Central bankers from Chile, Mexico and Costa Rica also
won praise for their work during the period between July 2015
and June 2016.
An economist by training, Velarde, 64, has been at the helm
of Peru’s central bank since 2006. His
reappointment in 2011...
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