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The Banco de la República cut its benchmark interest rate by 25 basis points to 4.25% from 4.5%, continuing an easing cycle that began in December 2016. The board cited weak economic activity and uncertainty over the pace of recovery, while inflation fell to 3.14% in March.
Growth for 2018 was kept at 2.7%.
Lower Colombian rates tend to weaken the peso, which raises the local cost of imported feed ingredients such as soymeal and corn for Colombian livestock and poultry producers.
financecolombia.comJared WadeApr 29, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
