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Colombia's central bank held its benchmark interest rate at 1.75% for a second straight month, as widely expected. The bank said recent data confirm a continuing recovery in 2021, and it kept its 2021 inflation target at 3.0% plus or minus 1 point.
The governor will step down when his term ends in January 2021.
A steady policy rate with a recovering economy has little direct effect on feed commodity prices. The decision signals no sharp change in Colombian credit conditions or currency pressure that would affect feed demand.
centralbanknews.infoNov 27, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
