# Colombian peso rallies after rate hike, $9.8 bln IMF credit line | Financial Post

> Colombia's peso rose 0.7% on Friday, breaking a seven-day losing streak, after the central bank raised its benchmark rate 100 basis points to 6%. The IMF approved a $9.8 billion Flexible Credit Line for Colombia, though it warned of inflation and risk-premia vulnerabilities. Russia's rouble also hit a two-year peak against the dollar.

- Date: 2022-04-29 · published 2022-04-29T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/42119-colombian-peso-rallies-after-rate-hike-9-8-bln-imf-credit-line-financial-post
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Currency moves in emerging Latin American economies affect the local cost of imported feed ingredients and the purchasing power of Colombian feed buyers. A firmer peso modestly eases import costs for feed inputs.

## Read by commodity

- USDCOP: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/colombian-peso-rallies-after-rate-hike-9-8-bln-imf-credit-line

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