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Peru's central bank cut its policy rate by 25 basis points to 2.75%, and its statement left the door open for one more cut in the easing cycle. Capital Economics expects attention to shift quickly toward policy tightening, with the policy rate ending 2018 higher than its current level.
Monetary policy in Peru is a macro driver for the sol, which affects local feed and fishmeal costs and export competitiveness. A shift toward tightening could firm the currency, modestly affecting Peruvian fishmeal pricing.
capitaleconomics.comCapital Economics EconomistMar 9, 2018Not 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.
