Loading…
Peru's central bank cut its reference rate to 7.50% but said this does not signal a series of successive cuts. Inflation came in above expectations due to food supply restrictions, while one-year-ahead inflation expectations fell to 3.4% in August.
Food supply restrictions and El Nino uncertainty in Peru point to tighter domestic supplies that can support fishmeal and feed ingredient prices, while the rate cut is a modest currency influence.
bbvaresearch.comHugo Vega de la CruzSep 15, 2023Not enough comparable past events yet for a historical read.
Not 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.
