# Finance Colombia   » Colombian Central Bank Cuts Benchmark Interest Rate Further to 4.25%

> 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%.

- Date: 2018-04-29 · published 2018-04-29T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/65792-finance-colombia-colombian-central-bank-cuts-benchmark-interest-rate-further-to
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

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.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- financecolombia.com: https://www.financecolombia.com/colombian-central-bank-cuts-benchmark-interest-rate-further-to-4-25/

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