# Colombia holds rate 2nd time, says recovery continues - Central Bank News

> 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.

- Date: 2020-11-27 · published 2020-11-27T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/50440-colombia-holds-rate-2nd-time-says-recovery-continues-central-bank-news
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

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.

## Sources

- centralbanknews.info: http://www.centralbanknews.info/2020/11/colombia-holds-rate-2nd-time-says.html

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