Peru
Julio Velarde named head of Peru's central bank
Peru's president Alan Garcia has named Julio Velarde, president of the Latin American Reserve Fund, to head the Central Bank of Peru for the next five years.
Inflation targeting in dollarized economies
According to this IMF Working Paper, the shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market economies.
Central Bank of Peru - Annual Report 2004
According to the Central Bank of Peru's Annual Report 2004, the year saw a significant improvement in the principal macroeconomic indicators, continuing the favorable trend that began in 2002.
Peru's strong 2004
December 2004 saw Peru celebrate its 42nd consecutive month of economic growth with a "significant improvement in the principal macroeconomic indicators," according to the central bank in its report for the year.
Peru's economy minister is IADB candidate
Peru has nominated Economy Minister Pedro Pablo Kuczynski as its candidate to head the Inter-American Development Bank once current head Enrique Iglesias leaves the post in September.
Peru's Silva may head for IMF
Chairman of the Central Bank of Peru, Javier Silva Ruete, may leave his job and head for the IMF in Washington, Gestion newspaper reported this week, citing Economy and Finance Minister Pedro-Pablo Kuczynski.
Vice president attacks central bank of Peru
Peruvian Vice President David Waisman criticized a central bank decision to allow pension funds to invest more abroad, saying it hurts the country's economy, Gestion newspaper reported.
IADB conference opens in Peru
Finance ministers and central bank presidents from 46 nations are meeting in Lima to participate in the Inter-American Development Bank conference, which opened on Monday 29 March.
Political noise slows growth- Peru c bank
Peru's central bank president, Javier Silva Ruete, said that the political turbulence shaking the government of Peruvian President Alejandro Toledo is hurting economic growth and could scare off future investment.
Peru's central bank chief may face fraud charges
A Peruvian congressional commission voted 6-1 in favour of recommending Congress bring fraud charges against central bank of Peru governor Javier Silva Ruete last Tuesday, according to a Reuters report. The matter refers to Ruete's alleged sponsoring of…
Central Bank of Peru - Annual Report 2002
The Central Bank of Peru has published its Annual Report for the year ended 2002. Since 2002, the Central Bank's monetary policy has been conducted following a scheme of Explicit Inflation Targeting, the Annual Report says.
Peru inflation on target - new governor
The new governor of Peru's central bank, Javier Silva Ruete, expects inflation of 1.5 to 1.7% for the year, comfortably below the government's target of 2.5%, reports Reuters
Finance minister becomes governor in Peru
How will Javier Silva measure up as the new governor of Peru's central bank? Previously the country's finance minister, Silva stepped into the breach to replace Richard Webb after the latter's resignation on account of unworkable disagreements between…
Javier Silva named president of Peru central bank
Peru's president Toledo appointed economy and finance minister Javier Silva as president of Peru's central bank on Friday in a ceremony carried live on local television Bloomberg reports. Silva replaces Richard Webb who resigned recently.
Economy minister may take over at Peru c bank
Peru's president Alejandro Toledo may be planning further changes to his cabinet with Economy and Finance Minister Javier Silva touted as a replacement to Richard Webb at the central bank, Bloomberg reports.
"Upside down world" in Peru
Peru's central bank is in a state of flux. Its governor, Richard Webb, has abruptly resigned, lamenting to CentralBankNet that the central bank is caught up in "an upside down world". Webb's flight was prompted by unworkable differences between himself…
Webb resigns as president of Peru's central bank
Richard Webb has resigned as president of Peru's central bank. A statement from the President's office did not give a reason for the resignation, Reuters reported. A later report from Bloomberg News quoted Economy and Finance Minister Javier Silva as…
Peru central bank deputy denies Webb has resigned
Carlos Castro, deputy president of the central bank of Peru denied newspaper reports that central bank chief Richard Webb had resigned. Reports suggested Webb quit his post after clashing with the board's six other members over the dismissal of several…
Peru central bank obeys nepotism laws - president
Peru's central bank chairman Richard Webb, responding to an inquiry from Congress, denied claims that the bank is violating nepotism laws even though about 20% of its employees have relatives on the staff.
Peru open first Latin American anti-forging office
PERU - Peru, fighting an aggressive trade in forged bills and coins, opened on Tuesday Latin America's first office that will work with U.S. and Colombian secret services to stamp out counterfeit cash.
Central Bank of Peru - Annual Report 2001
ANNUAL REPORT - The Central Bank of Peru has published its Annual Report for the year ended 2001.
IMF mission in Peru studying 2002 goals
PERU - A mission from the International Monetary Fund (IMF) is in Peru to evaluate the Andean nation's 2002 macroeconomic goals, the economy ministry said on Friday.
CCE to move US$10mn this year - Peru
PERU - Peru's electronic payment association (CCE) expects its online wire transfer and credit card payments facility to move US$10mn this year, Peruvian daily Gestion reported on Tuesday.
Peru's central bank moves to inflation targeting
PERU - Peru's central bank has made inflation targeting its main tool for signalling the direction of monetary policy, Central Reserve Bank of Peru President Richard Webb said Tuesday.