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Colombia's central bank held its benchmark rate at 13.25% for a third straight meeting, with five of seven board members voting to hold and two favoring a 25 basis point cut. Inflation slowed to 11.43% through August but remains far above the bank's 3% target.
Persistently high Colombian rates support the peso and keep local borrowing costs high for livestock and feed operators, a modest macro factor for regional feed demand.
investing.comSep 29, 2023Not 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.
