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Peru's central bank cut its policy rate by 25 basis points to 4.00%, a move most analysts did not expect. Capital Economics expects one further 25bp cut to 3.75% in coming months but does not see the start of a major easing cycle.
Lower Peruvian rates weaken the sol and reduce local-currency yields, mildly affecting regional currency flows; the direct impact on feed commodity prices is minimal.
capitaleconomics.comCapital Economics EconomistMay 12, 2017Not 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.
