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The Banco de la República cut Colombia's key interest rate by 50 basis points to 6.5%, larger than the 25-point cuts of recent meetings and above market expectations. The central bank also trimmed its 2017 GDP growth forecast to 1.8% after weak retail, industrial and confidence data.
A faster easing cycle and weaker growth outlook tend to weigh on the Colombian peso, with no meaningful direct effect on feed ingredient supply or prices.
financecolombia.comJared WadeApr 28, 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.
