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Capital Economics says Peru's economy is suffering one of the largest hits from the coronavirus, which is likely to prompt further policy easing. With short-term rates already near zero, additional loosening would start with stronger forward guidance, and a quantitative easing programme is looking increasingly likely.
Monetary easing in Peru weakens the sol and supports domestic demand, but the feed impact is indirect, with little direct effect on feed or grain prices.
capitaleconomics.comQuinn MarkwithJun 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.
