# Finance Colombia   » Colombian Central Bank Sticks to 3% Inflation Target Rate

> 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.

- Date: 2018-12-02 · published 2018-12-02T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/61826-finance-colombia-colombian-central-bank-sticks-to-3-inflation-target-rate
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

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.

## Read by commodity

- USDCOP: neutral

## Sources

- financecolombia.com: https://www.financecolombia.com/colombian-central-bank-sticks-to-3-inflation-target-rate/

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