# Colombia central banker says CPI surprise, weak GDP may allow more rate cuts

> Colombia's central bank board member said a surprise in consumer prices and weak GDP may allow further interest rate cuts. The board has struggled for over two years with a weak economy caused by lower oil prices and high inflation.

- Date: 2017-08-11 · published 2017-08-11T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/69737-colombia-central-banker-says-cpi-surprise-weak-gdp-may-allow-more-rate-cuts
- 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-currency cost of imported feed ingredients.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/us-latam-summit-ocampo-idUSKBN1AR1L9/

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