# Colombia Holds Rates and Shores Up Reserves by $2bn

> 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.

- Date: 2026-11-02 · published 2026-11-02T21:13:22.588Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/75958-colombia-holds-rates-and-shores-up-reserves-by-2bn
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

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.

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/monetary-policy/monetary-policy-decisions/7977711/colombia-holds-rates-and-shores-up-reserves-by-2bn

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