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Colombia's central bank reduced reserve requirements for banks by about $2.3 billion, lowering reserves on checking and savings accounts from 11% to 8% to boost lending. The bank also approved purchases of up to 2 trillion pesos of TES government bonds on the secondary market through April, after cutting its benchmark rate to 3.75% in late March.
Monetary easing and liquidity injections are aimed at supporting domestic credit rather than directly moving farm prices, though a weaker peso could marginally raise the local cost of imported feed grains and meal.
financialpost.comReutersApr 15, 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.
