# Day Summary: Banco de la República Cuts Its Rate by 50bp - Western Union

> Banco de la República cut its policy rate by 50 basis points, and the Colombian peso moved within a range shaped by uncertainty about the decision. Brent crude fell 0.39% to about $71.70, and the MSCI COLCAP index declined about 1%.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: market · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/28605-day-summary-banco-de-la-republica-cuts-its-rate-by-50bp-western-union
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

This is a routine daily market wrap with no new supply or demand driver for feed commodities. Its only link to feed costs is the small move in crude oil and the local currency.

## Sources

- accivalores.com: https://www.accivalores.com/en/otros-informes/9570-resumen-jornada-banco-de-la-republica-reduce-su-tasa-en-50pb/

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