# Peru central bank chief Velarde to stay for another term -source | Reuters

> Peruvian central bank President Julio Velarde has agreed to stay on for another term, according to a source. Peruvian markets were battered after the election of Castillo, with the sol hitting a record low against the dollar on Monday.

- Date: 2021-08-10 · published 2021-08-10T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/45826-peru-central-bank-chief-velarde-to-stay-for-another-term-source-reuters
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Continuity at the central bank reduces currency volatility for Peru, a major fishmeal exporter, which can affect the cost of imported feed inputs. The price effect on feed ingredients is minor.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/americas/peru-central-bank-chief-velarde-stay-another-term-source-2021-08-10/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.