# Colombia Monetary Policy June 2020 - FocusEconomics

> Colombia's central bank (BanRep) cut its benchmark interest rate by 25 basis points to a record low of 2.50% on June 30, its fourth consecutive cut. The pace of easing slowed from 50 basis point cuts, and two board members voted for a larger cut. The bank cited falling inflation expectations and a weak economy hit by the pandemic and low oil prices.

- Date: 2020-06-30 · published 2020-06-30T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/52904-colombia-monetary-policy-june-2020-focuseconomics
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Lower Colombian rates weaken the peso pressure point for feed importers and can raise local feed and livestock costs, though the effect on feed grain prices is modest. The move is a macro signal rather than a direct change in feed supply or demand.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- focus-economics.com: https://www.focus-economics.com/countries/colombia/news/monetary-policy/banrep-chops-policy-rate-to-new-record-low/

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