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Colombia's central bank, BanRep, kept its benchmark rate unchanged at a record-low 1.75% on October 30, ending a 250-basis-point easing cycle begun in March. Governor Juan José Echavarría also announced he will retire at the end of the year when his term expires.
A steady policy rate with inflation near the lower end of target has little direct effect on feed commodities. The main effect is on the peso, which has limited pass-through to Colombian feed import costs.
focus-economics.comAlexOct 30, 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.
