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Colombia’s central bank kept its policy rate at 12.25%, with four board members supporting the hold and three favoring a 25-basis-point increase. The board cited September annual inflation of 6.3%, above its 3% target, and signs of slower economic growth.
Holding rates high can restrain domestic borrowing and demand, while supporting the peso relative to a lower-rate alternative; the decision may therefore affect import costs and feed demand indirectly.
Not 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.