# Colombia central bank holds benchmark interest rate at 9.50% in surprise move

> Colombia's central bank unexpectedly held its benchmark rate at 9.50% on Friday, against market expectations of a second consecutive 25 basis point cut. The decision ends a run of easing that began in 2023.

- Date: 2025-01-31 · published 2025-01-31T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/26777-colombia-central-bank-holds-benchmark-interest-rate-at-9-50-in-surprise-move
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A hold on rates supports the peso and reflects caution over fiscal and trade risks, which has limited direct effects on grain or feed prices. The impact on commodity markets is minimal.

## Read by commodity

- USDCOP: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/colombia-central-bank-seen-slowing-rate-cuts-first-meeting-year-2025-01-31/

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