# Colombia central bank cuts benchmark interest rate to 11.25% By Reuters

> Colombia's central bank cut its benchmark interest rate by 50 basis points to 11.25% on Friday, its fifth cut since December. The decision passed with four votes for a 50-basis-point cut and two for 75 basis points, and inflation stood at 7.16% in the 12 months through May.

- Date: 2024-06-28 · published 2024-06-28T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/30082-colombia-central-bank-cuts-benchmark-interest-rate-to-11-25-by-reuters
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Lower domestic rates can support Colombian economic activity and livestock demand over time, but the rate cut is unlikely to move global feed grain prices. Its effect on the peso is a secondary concern for importers.

## Sources

- investing.com: https://www.investing.com/news/economy-news/colombia-central-bank-cuts-benchmark-interest-rate-to-1125-3501875

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