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ING analysts assess how much room Colombia's central bank has to cut its policy rate from 12.75%, comparing it with recent analyses of Mexico and Brazil. They say cuts depend on inflation continuing to fall and that longer-dated spreads to the US offer limited value.
The piece is an opinion on monetary policy rather than a new policy decision.
Lower Colombian rates could weaken the peso over time and affect local feed import costs, but the link to global feed prices is indirect and small.
think.ing.comPadhraic Garvey, CFAFeb 22, 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.
