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Peru's central bank kept its monetary policy rate at 0.25% in May and committed to maintaining its current stance as long as COVID-19's negative effects persist. It also highlighted longer-term repo operations of up to three years and PEN 25.4 billion auctioned so far under the Reactiva Peru program.
A prolonged ultra-loose policy and liquidity support tends to weigh on the sol, which can make Peruvian-linked feed inputs more expensive in local currency terms. The effect on global feed prices is limited.
bbvaresearch.comHugo Vega de la CruzMay 8, 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.
