# Colombia | The path to monetary policy normalization | Oxford Economics

> Oxford Economics expects Colombia's central bank to start withdrawing monetary stimulus in July with a 25 basis point hike, after headline inflation reached 3.3% year on year. It projects a terminal rate of 4.75% only by Q4 2023, and it flags risks from the May 2022 election and faster US tapering.

- Date: 2021-06-25 · published 2021-06-25T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/46883-colombia-the-path-to-monetary-policy-normalization-oxford-economics
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Higher Colombian rates would tend to support the peso and reduce the local cost of imported feed. The outlook is a forecast for one national economy and is unlikely to move global feed prices.

## Read by commodity

- USDCOP: bearish ▼

## Sources

- oxfordeconomics.com: https://www.oxfordeconomics.com/resource/colombia-the-path-to-monetary-policy-normalization/

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