Peru's elected president, Keiko Fujimori, has nominated Julio Velarde for a new term as governor of the Central Reserve Bank of Peru (BCRP).
The 74-year-old economist, who has led the institution for two decades, was nominated on Monday following a meeting at the central bank headquarters.
The move underscores Fujimori's intent to maintain stability in monetary policy as she prepares to assume office.
Velarde's re-nomination is likely to be viewed favorably by markets seeking predictability in Peru's macroeconomic framework.
The central bank has maintained a reputation for independence and prudent inflation management under his long tenure.
For investors exposed to Peruvian assets, the continuity reduces uncertainty regarding future interest rate trajectories and currency stability.