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Scotiabank raised its 2021 Peru inflation forecast to 6.5% from 3.5% and expects the central bank to lift its policy rate to 1.25% by year-end. It also raised its year-end exchange rate forecast to 4.15 soles per dollar, citing persistent political turbulence.
Expected sol weakness and higher inflation raise the cost of imported feed inputs for Peruvian livestock and poultry producers.
scotiabank.comSep 7, 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.
