Peru Central Bank Cuts 2026 Growth to 3.2% on Stronger El Niño

Peru's central bank (BCRP) downgraded its 2026 GDP growth forecast to 3.2% from a prior estimate, citing an upgraded El Niño event from strong to extraordinary. Agriculture and fishing are expected to suffer lower yields in coastal fruits, potatoes, rice, and poultry, posing a direct hit to food production and inflation outlook.