# Colombia Monetary Policy October 2020 - FocusEconomics

> Colombia's central bank, BanRep, kept its benchmark rate unchanged at a record-low 1.75% on October 30, ending a 250-basis-point easing cycle begun in March. Governor Juan José Echavarría also announced he will retire at the end of the year when his term expires.

- Date: 2020-10-30 · published 2020-10-30T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/50923-colombia-monetary-policy-october-2020-focuseconomics
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A steady policy rate with inflation near the lower end of target has little direct effect on feed commodities. The main effect is on the peso, which has limited pass-through to Colombian feed import costs.

## Read by commodity

- USDCOP: neutral

## Sources

- focus-economics.com: https://www.focus-economics.com/countries/colombia/news/monetary-policy/banrep-ends-cutting-cycle-in-october/

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