# Colombia’s Echavarría says monetary policy has been a challenge - Central Banking

> Colombia's central bank governor Juan José Echavarría said in the bank's inaugural quarterly report that lower commodity prices, higher external financing costs and weak regional growth have created a strong dilemma for monetary policy. The governor framed these external headwinds as the source of the country's macroeconomic imbalances.

- Date: 2017-05-22 · published 2017-05-22T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/71281-colombia-s-echavarria-says-monetary-policy-has-been-a-challenge-central-banking
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Weaker commodity prices and tighter external financing shape the peso's path, which can affect Colombian import costs for feed ingredients, though the effect on grain prices is indirect.

## Read by commodity

- USDCOP: neutral

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/monetary-policy/3241736/colombias-echavarria-says-monetary-policy-has-been-a-challenge

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