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Capital Economics says the Colombian government's fiscal plans unveiled on Friday dash hopes of stabilising public debt-to-GDP ahead of next year's election. The firm expects further downward pressure on the peso and tighter monetary policy than most anticipate.
Continued peso weakness raises the local-currency cost of imported feed inputs for Colombian buyers. The impact on global commodity prices is limited.
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.