# Colombian peso weakens after rate decision: Andes FX - Infobae

> The Colombian peso weakened 0.4% to 3,777 per dollar after the central bank unexpectedly raised its key rate by one percentage point to 5%, a smaller move than the 1.5-point increase favored by two board members. Chile's weaker-than-expected activity data reinforced a cautious regional stance. Analysts had expected a higher rate.

- Date: 2022-04-01 · published 2022-04-01T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/42123-colombian-peso-weakens-after-rate-decision-andes-fx-infobae
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A smaller-than-expected central bank hike weakens the peso and raises the local cost of imported feed ingredients priced in dollars. The move is limited in scale and does not change the broader commodity outlook.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- infobae.com: https://www.infobae.com/en/2022/04/01/colombian-peso-weakens-after-rate-decision-andes-fx/

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