# Colombia central bank cuts reserve requirements by more than $2 bln | Financial Post

> Colombia's central bank reduced reserve requirements for banks by about $2.3 billion, lowering reserves on checking and savings accounts from 11% to 8% to boost lending. The bank also approved purchases of up to 2 trillion pesos of TES government bonds on the secondary market through April, after cutting its benchmark rate to 3.75% in late March.

- Date: 2020-04-15 · published 2020-04-15T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/53908-colombia-central-bank-cuts-reserve-requirements-by-more-than-2-bln-financial
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Monetary easing and liquidity injections are aimed at supporting domestic credit rather than directly moving farm prices, though a weaker peso could marginally raise the local cost of imported feed grains and meal.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/colombia-central-bank-cuts-reserve-requirements-by-more-than-2-bln

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