# Finance Colombia   » Colombian Central Bank Cuts Interest Rate by 25 Basis Points to 4.5%

> The Colombian central bank unexpectedly cut its key rate by 25 basis points to 4.5% on a 4-3 board vote, with most analysts expecting no change. The bank said the move would close the cycle of rate cuts that totaled 300 basis points since December 2016.

- Date: 2018-01-30 · published 2018-01-30T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/67265-finance-colombia-colombian-central-bank-cuts-interest-rate-by-25-basis-points
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Cheaper borrowing may support credit for farm and feed operations over time, but the rate move is a domestic monetary decision with little direct effect on global feed commodity prices.

## Read by commodity

- USDCOP: neutral

## Sources

- financecolombia.com: https://www.financecolombia.com/colombian-central-bank-cuts-colombia-interest-rate-25-basis-points-4-5-percent/

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