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Colombia's central bank held its key rate at 11.25% on Thursday, defying expectations of a hike from nearly all economists surveyed by Bloomberg. The peso fell 2.4% to 3,721 per dollar when markets reopened Monday, and two-year swap rates dropped 22 basis points.
A weaker peso raises the local cost of imported feed ingredients and can shift Colombian buying of US corn and soymeal, while the policy surprise adds volatility ahead of the election.
bloomberg.comMaria Elena VizcainoMay 4, 2026Not 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.
