# Finance Colombia   » Fearing Slow Economic Growth, Colombian Central Bank Cuts Interest Rate by 50 Basis Points to 5.75%

> Colombia's central bank cut its key interest rate by 50 basis points to 5.75% at its latest meeting, citing weak economic activity and a likely shortfall against the 1.8% GDP growth projection. Inflation has eased to 4.37%, but the bank remains concerned about persistence above its 3% target.

- Date: 2017-07-01 · published 2017-07-01T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/70251-finance-colombia-fearing-slow-economic-growth-colombian-central-bank-cuts
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Lower domestic rates and a weaker peso could modestly support demand for imported feed ingredients in Colombia, though weak consumption limits the effect on prices.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- financecolombia.com: https://www.financecolombia.com/slow-economic-growth-colombia-central-bank-cuts-interest-rate-by-50-basis-points/

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