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Peru's central bank held its policy rate at 4.25%, but inflation remains above target, so the next move is still expected to be a rate increase. Economic growth outlook has deteriorated in recent months.
Expected tightening in Peru supports the sol somewhat, which can affect the cost of Peruvian fishmeal and anchovy exports priced in dollars. The effect on feed prices is modest.
capitaleconomics.comCapital Economics EconomistMar 10, 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.
