Loading…
The Colombian peso weakened 0.4% to 3,777 per dollar after the central bank unexpectedly raised its key rate by one percentage point to 5%, a smaller move than the 1.5-point increase favored by two board members. Chile's weaker-than-expected activity data reinforced a cautious regional stance.
Analysts had expected a higher rate.
A smaller-than-expected central bank hike weakens the peso and raises the local cost of imported feed ingredients priced in dollars. The move is limited in scale and does not change the broader commodity outlook.
infobae.comNewsroom InfobaeApr 1, 2022Not 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.
