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BCR: Parliamentary elections not to affect Peruvian economy

18:00 | Lima, Dec. 5.

The elections for Peru's Congress —to be held on January 26, 2020— will not affect the performance of the South American country's economy, Central Reserve Bank (BCR) Governor Julio Velarde projected on Thursday.

"I don't think it affects (the economy) because I don't think there isn't anyone who campaigns against building roads," Velarde expressed.

"The election campaign, to be held in January, will be very short: two or three weeks; that's why I don't think it affects much. Then, Congress will probably be installed by the end of March, which is why I don't think there is much problem," he added.

Concerning the 2021 presidential elections, the BCR official said there is still no candidate to create uncertainty in the market.

"We are going to see what happens in the 2021 elections, but so far there is no glimpse of any anti-system candidate or one that shakes the market's foundations," he concluded.


(END) CNA/JJN/MVB

Published: 12/5/2019
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