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Colombia's BanRep survey shows December 2020 inflation expectations falling to 1.73% y/y, 19 bps below the prior month. Analysts expect end-2020 USD/COP at 3,671 and end-2021 at 3,600.
Consensus medium-term inflation remains anchored, and the survey notes the peso is moving closer to levels implied by recent vaccine and US election news.
Stable inflation and a steady exchange-rate outlook point to little change in Colombian domestic feed and food costs in the near term. Peso moves are expected to be modest, so price pressure on imported feed inputs is limited.
scotiabank.comNov 18, 2020Not 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.
