# Peru: BCR Governor dismisses El Niño-related risk as long-lasting

> 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.

- Date: 2026-11-04 · published 2026-11-05T00:11:16.995Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/80719-peru-bcr-governor-dismisses-el-nino-related-risk-as-long-lasting
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

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.

## Read by commodity

- USDPEN: neutral
- FISHMEAL: neutral

## Sources

- andina.pe: https://andina.pe/ingles/noticia-peru-bcr-governor-dismisses-ninorelated-risk-as-longlasting-1098613.aspx

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