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Central Reserve Bank of Peru Governor Julio Velarde said the risks from El Niño and its global economic impact would be temporary. He also said expectations of a US Fed rate hike persist, the dollar remains strong, and fuel price increases are slowing inflation decline.
Expectations of a temporary El Niño suggest the anchovy and fishmeal supply disruption may be short-lived in the central bank's view, though the fishing shock is still a near-term driver of fishmeal prices.
andina.peNov 4, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
