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Colombia's central bank cut its benchmark rate by 25 basis points to 13%, its first cut in three years, with five of seven board members in favour. Governor Villar said policymakers remain cautious about further moves given inflation at 10.15% in November.
Lower Colombian rates tend to weaken the peso and slow the economy, which can soften local demand for imported feed ingredients while adding modest upward pressure on import costs in pesos.
borsen.dkOscar MedinaDec 19, 2023Not 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.
