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Colombia's central bank held its benchmark interest rate at 4.25% in April, in line with market expectations. The decision came alongside a broader week of macro headlines, including a softer dollar index after US GDP readings and a Fitch move placing the UK's AA rating on watch negative.
A hold at the expected level leaves little direct effect on feed commodities; for feed buyers the main channel is the peso and Colombian import demand, which move only marginally on an in-line decision.
octaafrica.netApr 26, 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.
