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Colombia's central bank raised interest rates on Friday to calm markets after President Gustavo Petro surprisingly fired his finance minister. Investors say the hike will not be enough to attract money back, and they are waiting for the new minister to take office Monday and for Petro to address supporters.
Political and policy uncertainty keeps the peso and Colombian debt under pressure, which raises the local-currency cost of dollar-priced feed imports. Investors are staying on the sidelines until the policy direction is clearer.
bloomberglinea.comMatthew Bristow, Maria Elena VizcainoApr 29, 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.
