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Argentina's central bank will slow the crawling peg to 1% per month from February, down from 2%, citing consolidating inflation and lower inflation expectations. Investors said the slower pace could extend a market rally driven by President Milei's pro-market policies and hopes for fresh IMF funding.
A slower devaluation reduces the peso's pace of depreciation, which slightly reduces the incentive for Argentine farmers to sell soybeans and corn quickly. Price impact on feed markets is limited.
reuters.comJan 14, 2025Not 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.
