# Colombia | Banrep’s surprise: looking beyond the rate drop | BBVA Research

> The Banco de la República board cut its policy interest rate in a decision that surprised most economists, including BBVA Research. BBVA's chief economist for Colombia published an analysis looking beyond the rate move. The note is in Spanish.

- Date: 2018-02-08 · published 2018-02-08T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/66755-colombia-banrep-s-surprise-looking-beyond-the-rate-drop-bbva-research
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A lower policy rate tends to weaken the peso, which raises the cost of dollar-priced feed imports for Colombian buyers. The effect on global grain prices is minimal.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- bbvaresearch.com: https://www.bbvaresearch.com/en/publicaciones/colombia-banreps-surprise-looking-beyond-the-rate-drop/

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