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Oxford Economics expects Colombia's central bank to start withdrawing monetary stimulus in July with a 25 basis point hike, after headline inflation reached 3.3% year on year. It projects a terminal rate of 4.75% only by Q4 2023, and it flags risks from the May 2022 election and faster US tapering.
Higher Colombian rates would tend to support the peso and reduce the local cost of imported feed. The outlook is a forecast for one national economy and is unlikely to move global feed prices.
oxfordeconomics.comJun 25, 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.
