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The IMF staff statement on Peru, dated May 20, 2024, projects 3.0% growth in 2024 after a slight contraction in 2023. Headline inflation fell to 2.4% in April, and the central bank cut its policy rate by 25 bps to 5.75% on May 9.
Falling inflation and an ongoing easing cycle are supportive for domestic demand and the sol, but the report has little direct effect on feed ingredient prices. Its main relevance is to Peru's macro outlook for feed buyers.
elibrary.imf.orgMay 21, 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.
