Central bank holds rate as inflation cools for a fifth month, but signals patience on cuts
Policymakers kept the benchmark unchanged and pointed to food prices and the energy tariff schedule as the two variables that will decide the next move.
Monetary policy, public finance, trade and the external account.
Policymakers kept the benchmark unchanged and pointed to food prices and the energy tariff schedule as the two variables that will decide the next move.
Growers want an early announcement. Millers want the number lower. The sowing calendar is the constraint.
Direct receipts grew faster than indirect ones for the first time in six quarters, on a base that flatters the number.
Inflows stayed above the same period last year, steadying an external account that had looked fragile in spring.
Households will see the line item again from this cycle, reversing a temporary suspension.