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Reuters reports that Colombia's central bank board would vote on Friday, September 25, on whether to cut its policy rate to a record-low 1.75% or hold at 2%. Of 26 analysts surveyed, 14 expected a cut and 12 expected a hold.
The board has already cut 225 basis points in six months, and the bank forecasts GDP contraction of 6% to 10% in 2020.
The outcome shapes the peso and capital-flow risk in Colombia, which can affect local demand for imported feed ingredients. The direct price impact on global feed commodities is small.
wtvbam.comSyndicated ContentSep 25, 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.
