Loading…
Chile's central bank surprised markets by raising its monetary policy rate 125 bps to 2.75% and ending its reserve accumulation program. The bank acknowledged concern over the multilateral depreciation of the peso.
Peru's sol reached its highest level since Castillo took office.
Tighter Chilean policy and a firmer sol mainly affect regional capital flows and borrowing costs, with minimal direct impact on feed commodity supply, demand or prices.
scotiabank.comOct 14, 2021Not 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.
