Key Facts

—The decision. President-elect Keiko Fujimori asked Julio Velarde to stay on as central bank chief, and he accepted on July 6.

—The tenure. Velarde has led the bank since 2006 and has now served under ten presidents, with Fujimori the eleventh.

—The term. The new appointment would run five years, covering 2026 to 2031.

—The catch. The pick still needs ratification by Peru’s new two-chamber Congress, which begins work late in July.