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Colombia's central bank governor Juan José Echavarría said in the bank's inaugural quarterly report that lower commodity prices, higher external financing costs and weak regional growth have created a strong dilemma for monetary policy. The governor framed these external headwinds as the source of the country's macroeconomic imbalances.
Weaker commodity prices and tighter external financing shape the peso's path, which can affect Colombian import costs for feed ingredients, though the effect on grain prices is indirect.
centralbanking.comCentral Banking NewsdeskMay 22, 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.
