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The Bank of Mexico cut its overnight interbank rate by 50 basis points to 6% in an emergency meeting on April 21, 2020, voted unanimously. It also unveiled a 750 billion peso (about $30.5 billion) liquidity programme.
Lower Mexican rates and added liquidity aim to support the economy and the peso, which can ease feed import costs over time, though the effect on grain prices is modest.
centralbanking.comVictor Mendez-BarreiraApr 22, 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.
