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Bank of Mexico raised its benchmark rate by 25 basis points to 11.25% in a unanimous vote on March 30. The board moderated the pace of its tightening cycle and took a more dovish tone on future moves.
A smaller hike and dovish guidance signal a possible end to Mexico's tightening, which can support the peso and tighten the rate gap with the US. For feed buyers this is a macro backdrop with little direct grain price impact.
reuters.comMar 30, 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.
