# Colombia's central bank holds interest rate steady, raises growth outlook | Financial Post

> Colombia's central bank kept its benchmark interest rate at 1.75% for a seventh consecutive month in a majority decision. The board raised its 2021 GDP growth projection to 6% from 5.2%, citing better-than-expected first-quarter performance. It flagged risks from the pandemic's third wave and from a tax reform that faces opposition in Congress.

- Date: 2021-04-30 · published 2021-04-30T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/47883-colombia-s-central-bank-holds-interest-rate-steady-raises-growth-outlook
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

For feed buyers the effect on grain and feed prices is marginal. Stronger Colombian growth supports local demand for animal protein, but the impact on global feed markets is small.

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/colombias-central-bank-holds-interest-rate-steady-raises-growth-outlook

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