# Colombia holds rate but 2 members vote to cut by 25 bps - Central Bank News

> Colombia's central bank held its key policy rate at 7.75 percent, with two board members voting for a 25 basis point cut. Inflation eased to 6.48 percent in October, and the peso was trading at 3,168 per dollar, down 4.0 percent since the US election.

- Date: 2016-11-25 · published 2016-11-25T12:00:00.000Z
- Category: policy · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/74116-colombia-holds-rate-but-2-members-vote-to-cut-by-25-bps-central-bank-news
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Easing inflation and a possible future rate cut support Colombian domestic demand for animal protein, while the weaker peso raises import costs for feed ingredients.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- centralbanknews.info: http://www.centralbanknews.info/2016/11/colombia-holds-rate-but-2-members-vote.html

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