# Colombia central bank lowers GDP projection, inflation to be above target

> Colombia's central bank cut its 2019 GDP growth forecast to 3%, below the government's 3.6% estimate and the bank's prior 3.5% projection. It also expects inflation to run above target.

- Date: 2019-07-30 · published 2019-07-30T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/58360-colombia-central-bank-lowers-gdp-projection-inflation-to-be-above-target
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Weaker domestic demand and higher inflation point to softer feed demand from Colombian livestock and poultry producers, with modest pressure on the peso.

## Read by commodity

- USDCOP: neutral

## Sources

- reuters.com: https://www.reuters.com/article/us-colombia-cenbank/colombia-central-bank-lowers-gdp-projection-inflation-to-be-above-target-idUSKCN1UP1YC/

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