Loading…
The Central Reserve Bank of Peru said the sol has remained relatively stable against the dollar during the global high-inflation cycle, one of the few emerging-market currencies to do so. Its chief economist expects inflation expectations to fall through the rest of 2023 as external pressures ease.
He also noted a global downward trend in fuel and some food commodity prices.
Lower fuel and food commodity prices and easing inflation reduce cost pressure in Peru's economy, with limited direct effect on feed grain or meal prices. The stable sol supports Peru's import capacity for feed ingredients.
andina.peFeb 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.
