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BBVA Research estimates a Taylor rule for Peru's central bank, finding the actual policy rate has stayed near the estimated neutral rate. It says the central bank had been expected to start raising rates, but global growth concerns could extend the current pause for several months.
A prolonged pause in Peruvian rates has little direct effect on feed commodity prices. It mainly affects the sol and domestic credit conditions for Peruvian livestock and feed buyers.
bbvaresearch.comHugo Vega de la CruzApr 17, 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.
