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The Bank of England raised its main rate to 0.5% from 0.25% in a 5-4 vote, with four members preferring a 50 basis point increase. The bank also raised its inflation forecast to a 7.25% April peak and began quantitative tightening.
Tighter UK monetary policy and higher inflation expectations have limited direct effect on feed commodity prices, though higher borrowing costs weigh on UK livestock and feed sector finances.
cnbc.comElliot SmithFeb 3, 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.
