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The Banco de la República held its benchmark rate at 12.25% in a split 4-3 vote, with three members backing a 25 basis point hike. The bank said the decision supports restrictive monetary policy amid softer growth and accelerating inflation.
Markets had largely expected the hold.
Tight Colombian policy and reserve purchases support the peso and reduce import-price pressure on feed and fertiliser buyers. The effect on global grain prices is small.
centralbanking.comCentral Banking NewsdeskNov 2, 2026Not 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.
