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Banco de Mexico cut its overnight interbank rate by 25 basis points to 7.25%, with one board member voting for a 50 basis point cut. The bank cited low inflation and downside risks to growth, and the peso held steady after the decision.
Lower Mexican rates tend to weaken the peso over time, which raises the local-currency cost of imported feed grains and meal.
octaafrica.netDec 19, 2019Not 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.
