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Argentina's central bank raised its benchmark rate by 10 percentage points to 91% to fight high inflation and steady a peso that has tumbled on the black market. Colombia's peso lagged other Latin American currencies after the finance minister's ouster, and the premium on Colombia's international bonds widened 21 basis points to 430.
Argentina's aggressive tightening is an attempt to contain currency weakness that affects the country's grain and oilseed export pricing. Colombia's wider bond spread and weaker peso reflect rising risk premiums in the region.
kitco.comApr 27, 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.
