Loading…
The Bank of England raised its policy rate by 25 basis points to 4.5%, its 12th consecutive increase, and said inflation will fall more slowly than previously hoped. It also dropped its recession forecast.
Sterling trimmed losses but stayed lower against the dollar after the decision.
Higher UK rates and a firmer pound affect the sterling-dollar rate that shapes UK import costs for feed ingredients priced in dollars; the effect on grain and oilseed prices is minor.
kitco.comMay 11, 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.
