# Colombia surprises again with rate cut on weaker growth  - Central Bank News

> Colombia's central bank cut its benchmark rate by 25 basis points to 4.75 percent, its ninth cut this year, surprising economists for a second month in a row. The board cited better 2018 inflation projections and weaker growth, with five members voting for the cut and two against.

- Date: 2017-11-24 · published 2017-11-24T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/68243-colombia-surprises-again-with-rate-cut-on-weaker-growth-central-bank-news
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Lower Colombian rates weaken the peso and reflect a softer domestic economy, which can marginally affect demand for imported feed ingredients priced in USD. The price effect on feed grains is minimal.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- centralbanknews.info: http://www.centralbanknews.info/2017/11/colombia-surprises-again-with-rate-cut.html

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