BCRP director appointed to Peru’s cabinet

BCRP director appointed to Peru’s cabinet

People

Peruvian president Ollanta Humala has appointed central bank director Jose Gallardo as transport and communications minister as part of a cabinet reshuffle. Gallardo will supervise a portfolio of investment projects that analysts hope will fuel growth in Peru, where the economy slowed to 5.6% in 2013 from 6% a year earlier. Gallardo, who has a PhD in economics from the University of California at Berkeley, had been a member of the central bank board of directors since 2011. Previously he was hea

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