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Argentina's Central Bank let commercial banks voluntarily shift part of their reserve requirements from Central Bank notes into treasury bonds, aiming to boost liquidity in the local government debt market. Analysts warned the measure is expansionary and could feed inflation, which is already running at 46% year on year.
Monetary expansion and peso weakness pressure Argentine feed and grain buyers through higher local costs and currency risk, which can shift export pricing for soybean meal and corn.
batimes.com.arJames GraingerMay 28, 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.
