# Inflation jitters hit Mexican peso, Colombian FX backed by Moody's | Financial Post

> Mexico's peso slipped 0.4% on October 7, 2021 after September inflation came in above expectations and ran past the central bank's target. Bank of Mexico had raised its rate to 4.75% the previous week, and Goldman Sachs expects at least one more hike before year-end. Colombia's peso rose 0.3% after Moody's revised its outlook to stable from negative and affirmed its Baa2 rating.

- Date: 2021-10-07 · published 2021-10-07T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/44791-inflation-jitters-hit-mexican-peso-colombian-fx-backed-by-moody-s-financial-post
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Higher inflation and tighter monetary policy in Mexico can weigh on domestic demand for meat and feed and raise import costs. The moves are local financial developments with limited direct effect on global feed prices.

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/inflation-jitters-hit-mexican-peso-colombian-fx-backed-by-moodys

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