Peru Senate to vote Sept 9 on Velarde's BCR ratification for 2026-2031

Peru's Special Procedures Commission has begun evaluating Julio Velarde's ratification as Central Bank president, with a Senate vote scheduled for September 9. Velarde defended the bank's autonomy during questioning, but the outcome remains uncertain as Congress weighs his continuity for the 2026-2031 term. This decision could signal the direction of Peru's monetary policy and institutional independence.