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Colombia's central bank is considering a 50bp rate cut to 9.75%, down from expectations of 75bp, as the peso slides and inflation remains at 5.81%, well above the 3% target. The board is expected to split on the decision.
Fiscal concerns and the Federal Reserve's cautious stance add pressure.
Peso weakness and sticky inflation point to higher local import costs for Colombian feed buyers. The direct effect on global commodity prices is minimal.
finimize.comFinimize NewsroomOct 31, 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.
