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Banxico cut its overnight interbank rate by 25 basis points to 8.00% on August 15, 2019. The move was widely expected, given a stagnating economy and falling inflation.
The USD/MXN pair traded near 19.60 after the decision.
A lower policy rate weakens the peso's yield appeal, which can raise the peso cost of dollar-priced feed imports. The cut was largely priced in, so the effect on feed prices is modest.
octaafrica.netAug 15, 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.
