Loading…
Banxico cut its benchmark rate by 50 basis points to 6% on April 21, 2020, and announced 750 billion pesos (US$30.5 billion) in support for the financial system. Analysts expect further cuts later in 2020 to reach 4.5% by year end.
Monetary easing and liquidity support help stabilise the peso and Mexican credit conditions, which affects the cost of imported feed ingredients for Mexican livestock and feed producers.
mexiconewsdaily.comMND StaffApr 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.
