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Colombia's central bank held its benchmark rate at 12.25% on October 30 in a 4-3 vote, ending a year of aggressive tightening. Inflation was 6.29% in September, well above the 3% target, and is forecast to stay above the target range through 2027.
Sticky inflation and a large fiscal deficit limit rate moves and pressure the peso, raising the cost of imported feed inputs for Colombian buyers. A weaker peso tends to lift the local-currency price of imported feed grains and meals.
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.