# Surprise Rate Hold Upends Colombia’s Markets Ahead of Vote - Bloomberg

> 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.

- Date: 2026-05-04 · published 2026-05-04T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/19532-surprise-rate-hold-upends-colombia-s-markets-ahead-of-vote-bloomberg
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

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.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-05-04/surprise-rate-hold-upends-colombia-s-markets-weeks-before-vote

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.