# Colombia cuts rate 1st time in 2 years, boosts liquidity - Central Bank News

> Colombia's central bank cut its benchmark rate by 50 basis points to 3.75%, its first cut since April 2018. It also expanded liquidity measures, including up to $1 billion in dollar auctions and $400 million in currency swaps. The board said the measures aim to keep financial markets functioning during the coronavirus outbreak.

- Date: 2020-03-27 · published 2020-03-27T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/54402-colombia-cuts-rate-1st-time-in-2-years-boosts-liquidity-central-bank-news
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Lower rates and added dollar liquidity support the peso, which limits the import cost of feed ingredients for Colombian buyers. The effect on feed prices is modest because the measures are designed to stabilize markets rather than change the currency trend.

## Read by commodity

- USDCOP: neutral

## Sources

- centralbanknews.info: http://www.centralbanknews.info/2020/03/colombia-cuts-rate-1st-time-in-2-years.html

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