# Colombia's central bank holds rate at 13.25% despite government call to start cuts By Reuters

> 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.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/34401-colombia-s-central-bank-holds-rate-at-13-25-despite-government-call-to-start
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

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.

## Read by commodity

- USDCOP: bearish ▼

## Sources

- investing.com: https://www.investing.com/news/economy/board-of-colombias-central-bank-to-vote-on-benchmark-rate-3185909

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