# Colombian central bank suspends reserves accumulation - Central Banking

> The Central Bank of Colombia's board decided on May 31 to suspend its reserves accumulation programme, which began in October 2018. The bank will assess the programme's impact on foreign exchange market behaviour over the summer and may resume purchases in late 2019.

- Date: 2019-06-05 · published 2019-06-05T12:00:00.000Z
- Category: policy · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/58875-colombian-central-bank-suspends-reserves-accumulation-central-banking
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Halting dollar reserve purchases removes a source of dollar demand, which could ease peso weakness and marginally support the currency for Colombian feed import costs.

## Read by commodity

- USDCOP: bearish ▼

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/reserves/foreign-exchange/4241366/colombian-central-bank-suspends-reserves-accumulation

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