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Minutes from Colombia’s central bank meeting in October show the policy rate was held at 12.25% by a 4–3 vote. Three board members supported a 25-basis-point increase, aiming to keep 2027 inflation from exceeding the staff forecast of 4.8%.
The divided vote signals that restrictive policy could persist or tighten if inflation remains elevated. Higher rates may weigh on domestic demand and borrowing but do not directly establish a feed-commodity price direction.
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.