President of the BCV expects inflation in the country to be in single digits starting in May

Published at: 05/05/2026 04:29 PM

The president in charge of the Central Bank of Venezuela (BCV), Luis Alberto Pérez González, indicated that he expects the country to start experiencing single-digit inflation starting in May.

Pérez González was optimistic considering that inflation will continue to slow down in May, according to a press release from the BCV.

“Inflation was brutal in January, but then a sharp slowdown began, placing February at 14.7%, March 13.1%, and April 10.6%. And happily we can say that the last two weeks of April were in single digits,” he said.

The head (e) of the issuing entity reiterated that the Venezuelan economy shows positive signs in terms of exchange rates, inflation and economic growth, which allow us to foresee the beginning of a virtuous period, which could last for the next five years and even shape a golden decade for the country's economic performance.

The senior official offered these statements in an interview with the State channel on the program “Facing with the News”. In which he stressed that the exchange rate is beginning to stabilize, as a result of a more active exchange intervention by the BCV.

Pérez González said that when comparing the January-April period of 2026 compared to the same period in 2025, favorable figures can be seen in the foreign exchange market. “We are already seeing significant improvement in 2026. That is, almost 4 billion dollars in this third of 2026, against 3 billion in 2025.”

He added that this amount of 4 billion dollars, “is perhaps starting to look like the 13,000 we saw in 2024 (a year of exchange rate stability and lower inflationary pressure), if we multiply by three, because it is a third of the year. “We are sure that there will be much more income in the second half of the year,” he explained.

He also reported that it is planned to inject more than 1 billion dollars a month into the foreign exchange market during this year. “And what we see in 2026, especially in the last two months, March and April, are more than 1 billion. And we are going to have it again in May because an exchange intervention of more than 1.35 billion dollars is being planned,” he said.

He explained that market behavior has changed in the last 3 months, indicating the beginning of a period “very similar to that of 2023-2024 and what we can expect from that is stability in the exchange rate and a slowdown in inflation”.

Pérez González highlighted that the economy has accumulated 20 consecutive quarters of growth and has led the region's growth in the last two years.

“In the year 2025, the economy grew 9% and this year some international organizations such as the UNDP project a rise in GDP of more than 6%. We are going to be at the forefront of a period of stability and growth that, with very good planning, can last up to a decade,” he said.

Mazo News Team