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Colombia's central bank (BanRep) cut its benchmark interest rate by 25 basis points to a record low of 2.50% on June 30, its fourth consecutive cut. The pace of easing slowed from 50 basis point cuts, and two board members voted for a larger cut.
The bank cited falling inflation expectations and a weak economy hit by the pandemic and low oil prices.
Lower Colombian rates weaken the peso pressure point for feed importers and can raise local feed and livestock costs, though the effect on feed grain prices is modest. The move is a macro signal rather than a direct change in feed supply or demand.
focus-economics.comAngelaJun 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.
