
Colombia's central bank held its benchmark rate at 12.25% on October 30, 2026, by a split vote of four to three, with three directors favouring a 0.25 point hike to 12.50%. The bank cited slower third-quarter growth and inflation still well above its 3% target, and it also approved a $2 billion purchase of dollars from the government to shore up reserves.
A higher-for-longer Colombian rate environment keeps domestic borrowing costs elevated for feed and livestock producers, while the reserve purchase signals currency-defence pressure that can lift import costs for feed ingredients priced in dollars.
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