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Argentina's central bank cut its benchmark interest rate by 10 points to 70%, its third adjustment, citing a pronounced inflation slowdown. Annual inflation is still running above 275%.
The rate cut signals policy confidence, which can firm the peso and influence farmer selling of Argentine grains and meal. The effect on world feed prices is modest.
reuters.comJorge OtaolaApr 11, 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.
