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Colombia's central bank kept its benchmark interest rate at 1.75% for a seventh consecutive month in a majority decision. The board raised its 2021 GDP growth projection to 6% from 5.2%, citing better-than-expected first-quarter performance.
It flagged risks from the pandemic's third wave and from a tax reform that faces opposition in Congress.
For feed buyers the effect on grain and feed prices is marginal. Stronger Colombian growth supports local demand for animal protein, but the impact on global feed markets is small.
financialpost.comReutersApr 30, 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.
