
Colombia's central bank raised its benchmark interest rate by 100 basis points to 10.25% on Friday, its first hike in nearly three years and larger than most analysts expected. Policymakers cited rising inflation, a sharp jump in inflation expectations, and fiscal and external risks.
Higher local rates tighten credit and can support the peso, which lowers the local-currency cost of imported feed ingredients over time. The larger-than-expected move signals inflation pressure that may keep Colombian feed and livestock costs elevated.
Not 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.