# Market, central bank board divided ahead of Colombia rate decision | Financial Post

> Analysts polled by Reuters expect Colombia's central bank to raise its benchmark rate on Friday, with a split between a 25 and 50 basis point increase. Consumer inflation reached 4.51% in the year to September, well above the 3% target.

- Date: 2021-10-29 · published 2021-10-29T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/44838-market-central-bank-board-divided-ahead-of-colombia-rate-decision-financial-post
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Higher Colombian rates support the peso and tighten credit conditions, with limited direct effect on feed grain prices.

## Read by commodity

- USDCOP: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/market-central-bank-board-divided-ahead-of-colombia-rate-decision

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