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Colombian central bank governor Leonardo Villar told Bloomberg Línea that the current credit slowdown was necessary to curb inflation and eventually allow lower rates. He said it has hurt businesses and contributed to social unrest.
The bank had cut its benchmark rate by 50 basis points to 12.25% at the end of the first quarter.
Tight credit and high borrowing costs weigh on Colombian livestock and feed-related business activity and investment. The story is mainly about monetary policy and has little direct effect on feed commodity prices.
bloomberglinea.comMaría C. Suárez (ENApr 9, 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.
