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The Colombian central bank kept its 3% inflation target and 2% to 4% target range after its monthly meeting. Inflation rose to 3.33% in October, the highest since January, and the policy rate stands at 4.25% after a 25 basis point cut in May.
Colombian monetary policy is a macro factor for the peso, which affects local feed and commodity import costs. Holding rates steady with inflation creeping up gives little reason for near-term peso moves that would shift buyers' costs.
financecolombia.comJared WadeDec 2, 2018Not 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.
