Loading…
Banxico cut its benchmark rate by 25 basis points to 11%, its first reduction in over three years. The vote was four to one, and the peso barely moved after the decision.
The rate cut has little immediate effect on feed prices, since the peso barely reacted and the move was well telegraphed.
mexiconewsdaily.comMND StaffMar 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.
