Loading…
Banxico unanimously cut its policy rate by 25 basis points to 10.00% on December 19. Policymakers said future cuts would depend on peso movements, and they raised their inflation forecasts while noting upside risks from possible US tariffs on Mexican goods.
Future Banxico moves hinge on the peso, so a weaker currency could slow the easing cycle and affect the cost of imported feed for Mexican buyers. The tariff risk to Mexico's trade with the US is an additional factor for feed and grain flows.
in.investing.comDec 20, 2024Not 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.
