# Colombia's central bank delivers smaller rate cut than expected

> Colombia's central bank cut its benchmark interest rate by 25 basis points to 9.50% on Friday. The move was smaller than markets had expected. The bank said it was slowing the pace of easing because of domestic fiscal uncertainty and decisions by regional peers.

- Date: 2024-12-20 · published 2024-12-20T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/27235-colombia-s-central-bank-delivers-smaller-rate-cut-than-expected
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A slower easing cycle keeps Colombian borrowing costs higher, which can weigh on domestic demand for feed in a market that imports much of its feed grains and meal. The smaller cut could also support the peso against the dollar, which lowers the local-currency cost of imported feed ingredients.

## Read by commodity

- USDCOP: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/americas/colombias-central-bank-board-makes-surprise-25-bp-cut-last-2024-meeting-2024-12-20/

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