# Colombian Peso Falls on Smaller-Than-Expected Key Rate Rise

> Colombia's peso weakened and two-year swap rates fell sharply after the central bank delivered a smaller-than-expected rate increase. The peso dropped as much as 1.2% to 4,583 per US dollar, making it the third-worst performer among more than 140 currencies tracked by Bloomberg. Consumer prices are rising at the fastest pace in 23 years.

- Date: 2022-09-29 · published 2022-09-29T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/39859-colombian-peso-falls-on-smaller-than-expected-key-rate-rise
- 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 such as corn and soymeal for Colombian buyers, while the rate decision signals tighter domestic credit that could slow livestock expansion.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-09-29/colombia-surprises-with-smaller-than-expected-interest-rate-rise

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