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The Central Bank of Peru cut its policy rate by 25 basis points to 5.00% at its November meeting, the first step in resuming normalization. The real policy rate now stands at 2.55%, still above neutral, and inflation is expected to stay near the target centre.
Lower Peruvian rates modestly weaken the sol and can support fishmeal export competitiveness, though the effect on global feed prices is limited.
bbvaresearch.comHugo Vega de la CruzNov 8, 2024Not enough comparable past events yet for a historical read.
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.
